#大户持仓变化 An interesting on-chain movement: a top whale suffered a loss of $3.34 million from going long on ETH, then immediately reversed position with leverage and re-entered the market on the same day. This approach indeed makes people a bit nervous.

ETH is currently fluctuating around $3,000. Looking at the technicals—indicators are all green, but such "all green" signals often mean the market is oversold. On the bearish side, traders are gearing up, but there aren't many buyers stepping in. Liquidity feels a bit tight, with insufficient depth. When whales leverage up to push the price at this point, the logic becomes subtle—each cycle of bull and bear markets repeats the pattern of attracting retail traders to follow and then reverse with a dump.

For ordinary traders, it's really important to stay cautious right now. ETH may not necessarily plummet in a waterfall decline, but if the trend reverses, a 20% drop is entirely possible. A prudent approach is: first, reduce your position to below 30% of your total funds to leave enough room for maneuver; second, set a stop-loss at $3,050 to prevent unlimited losses; finally, wait for better entry opportunities below $3,000.

Crypto trading is fundamentally about comprehensive judgment of market liquidity, capital conditions, and technical signals—not about gambling luck. Next time, I want to discuss how to identify and avoid the common traps set by market manipulators. But for now, the most important thing is to protect your principal.