ETH is basically in a “massacre”! First, take a look at the liquidation data. In 24 hours, the total ETH liquidations reached 150 million. Long positions accounted for the biggest share—nearly 99 million—while short positions were also liquidated at over 50 million. Long and short were both wiped out; no one got away.

Especially in the 12-hour data, longs were liquidated for more than 57 million, indicating that during this drop, those who chased longs were harvested mercilessly. Short liquidations make up a higher proportion in the 1-hour and 4-hour timeframes as well, which also suggests there was a sharp rally in the middle—burying those who chased shorts too.

Now look at market sentiment: the Fear & Greed Index is only 42 at the moment, in a neutral-to-fearful range, which shows people are already a bit panicked—falling straight from greed. Total market capitalization has also been declining all the way, dropping from 2.64T to around 2.55T, and overall confidence in the market is clearly insufficient.

The situation right now is that both longs and shorts are hard to play. With volatility so high, being wrong on direction means you get liquidated immediately. Plus, liquidity these past two days has been mediocre to begin with, so it’s easy to get wicked around and swept for stop-losses back and forth. Everyone should either trade with light positions or just stay on the sidelines—don’t stubbornly hold on, or you could easily become one of the next 100k people to be liquidated.$BTC $ETH $SOL #Aave联合多方启动rsETH全额资产修复计划 #以太坊基金会解质押约4890万美元ETH