Live streaming in the language community: 118 million dollars evaporated! Is ETH's' massacre 'still ongoing tonight? Live streaming room actual order placement

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 In the past 24 hours, the Ethereum (ETH) market has experienced a thrilling 'massacre'. The price plummeted by over 7% from a 7-month high of $3844, reaching a low of $3550. In just a few hours, it triggered a surge of $177 million (approximately RMB 1.28 billion) in ETH related positions across the entire network, becoming one of the most severely damaged assets in this round of cryptocurrency market correction. Serial liquidation: The collective collapse of high leverage strategies This sharp decline is not an isolated event, but the result of multiple pressures: ——Rising borrowing costs: The decentralized lending platform Aave's ETH borrowing rate has exceeded 6.5%, directly "strangling" the popular arbitrage strategy of users pledging ETH to lend WETH and then buying more pledged tokens. After the surge in interest rates, the strategy failed, triggering a chain reaction of large-scale liquidation. ——Large withdrawal of pledged funds: A huge number of validators suddenly exited the queue on the Ethereum network, with 644000 ETH (approximately 2.34 billion US dollars) waiting in line for release, taking 11 days. Although partial exits are institutional "re pledging to optimize positions", short-term selling pressure is inevitable. ——Whale Precision Sniper: On chain data shows that giant whales set "hunting traps" in the $3600-3700 range, specializing in high leverage long positions. A trader made a leverage switching error, resulting in a single floating loss of up to 3 million US dollars, putting the liquidation line at risk. Market panic spreads, but institutions quietly buy bottom ——The market sentiment rapidly deteriorated during the sharp decline: The total explosive amount of encrypted positions on the entire network reached 956 million US dollars, and 310000 investors were liquidated, with ETH long positions accounting for as much as 85%, exposing extreme leverage risks; Panic selling led to the temporary detachment of the liquidity staking token stETH, causing a sharp decrease in liquidity on decentralized exchanges and further exacerbating price volatility. ——However, institutional funds are deploying against the trend: BlackRock spot ETF increased its holdings by 27000 ETH (approximately $100 million) in a single day, raising over $2.5 billion in the past 6 days; The enterprise's "ETH treasury bond" strategy continues, and listed companies such as SharpLink and Bit Digital hold more than 740000 ETHs, firmly looking at the long-term value. Tonight's crucial battle: $3500 becomes a lifeline Technically speaking, ETH is currently in a high-risk game zone: Bottom support: $3570-3600 is the short-term defense line, and if $3520 is lost or triggers a 10% level drop; Upper resistance: Breaking through $3800 is expected to return to the psychological level of $4000. The market paradox is evident: on one hand, the collapse of individual investors' leverage triggers stampede, and on the other hand, Wall Street crazily attracts funds through ETFs. This kind of 'bloody washing up' is actually a classic script for institutions to suppress and build warehouses. Tonight, all eyes are focused on the $3600 defense line. If stable, panic or gradually digest emotions; Once it falls below, the tragedy of 'killing more' may repeat itself - the final chapter of this' massacre 'still hangs on a tightrope Operation suggestion: BTC 117000 long. First target: 118100. Second target: 119500; ETH 3680 long, first target 3730, second target 3795. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.