Boss Yi's Trend Research Danger Lifted!

The losses have pretty much been cut.

Over the last few hours, over 700,000 to 800,000 ETH has been sold, worth over 1 to 2 billion dollars.

Using the money from sales to pay off loans and reduce leverage.

In the past 10 hours, around 170,000 ETH has been sold off.

Current situation:

Leverage risk: Basically lifted! The previous high leverage was very dangerous, but now that so much has been sold, the loans have significantly decreased, and the remaining positions are much smaller. Although the liquidation price is still around 1640 dollars, the positions are small, and it won't easily blow up.

Total loss: Approximately 740 to 760 million dollars (realized losses of 200 to 300 million + unrealized losses of 400 to 500 million). All the profits of over 300 million earned before have been given back, and there’s a loss of over 400 million in principal.

How much ETH is left: Only over 20,000 ETH remains (about 21,000 to 23,000 ETH, worth around 40 to 50 million dollars).

Basically, the position is almost cleared, 96% has been sold to exchanges, and the tail end is being processed.

From the "most aggressive ETH bull" directly turning into "bravely admitting defeat and clearing positions", a typical case of a bear market whale surrendering.

The truly resilient ones who can survive are those who are the "real goats".

They dare to take big positions when it's time (not afraid of losing everything), and they also dare to completely zero out when it's time to cut losses (not letting emotions take control).

To survive in trading, it’s not about stubbornly holding on, but rather about flexibility + the courage to face extreme outcomes.

ETH has a bit of selling pressure in the short term, but many believe this wave of selling might signal a bottom.