At 3 a.m., the price was slammed straight down to 3064. Longs were liquidated for over $50 million, but it quickly bounced back, and then shorts ended up losing a bit over $30 million. This was clearly a shakeout of high-leverage players—the real support didn’t leave, as you can tell from how fast the wick was recovered.
Now the price is back to churning in the 3150 to 3180 range. The short-term technical correction is basically over, and it might take some time to digest the positions. If you’re looking to trade, waiting for a pullback to go long is relatively safer—don’t rush to chase highs. The market often explodes with more momentum than expected once it stabilizes.
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AirdropHunterZhang
· 14h ago
Oh, here we go again with this washout routine. I'm already tired of seeing it.
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Blockchainiac
· 12-05 04:00
The shakeout is so obvious, I saw through it a long time ago and have just been waiting to buy the dip.
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ForkInTheRoad
· 12-05 03:56
Another 3 a.m. bloodbath, and this time the leverage was wiped out really hard. However, the quick recovery suggests that there is indeed significant capital buying at the bottom.
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FudVaccinator
· 12-05 03:56
It's the same old washout rhetoric again. Every major drop is called a washout, but why is it that no one ever gets washed out of the market?
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AirdropHunterWang
· 12-05 03:40
Oh wow, this dump was really something. Both longs and shorts got wiped out and someone still made a profit. I'm just here watching the show.
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AirdropHunter420
· 12-05 03:38
That move at 3 a.m. was really impressive—both longs and shorts got squeezed. This is the art of the market.
The real pros saw through it long ago and are just waiting for the chips to settle.
#特朗普数字资产政策新方向 $ETH That sharp drop last night was pretty interesting.
At 3 a.m., the price was slammed straight down to 3064. Longs were liquidated for over $50 million, but it quickly bounced back, and then shorts ended up losing a bit over $30 million. This was clearly a shakeout of high-leverage players—the real support didn’t leave, as you can tell from how fast the wick was recovered.
Now the price is back to churning in the 3150 to 3180 range. The short-term technical correction is basically over, and it might take some time to digest the positions. If you’re looking to trade, waiting for a pullback to go long is relatively safer—don’t rush to chase highs. The market often explodes with more momentum than expected once it stabilizes.