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$ETH The market has reached the most boring stage, continuously oscillating and declining, giving retail investors the illusion that it won't go down further and that it's still a good time to buy the dip!!
From the liquidation map, near the 2240 level, close to 180 million long positions are waiting to be liquidated, while at the 2320 level, 153 million short positions are waiting to be liquidated, indicating this is a phase of long-short competition.
Bitcoin broke below 80,000, and the market clearly turned weaker; on-chain funds have also been flowing out. Friday's Ethereum was of course a rebound, but it continued to be shorted. Today, Ethereum's support is at 2240.
Last night, breaking below 2300, the market didn't see any longs crying out. Today, Black Friday, long positions are ready to face margin calls and liquidation warnings.
I have already entered short positions in sync with fans. 💥💥#Gate广场五月交易分享 #比特币跌破8万美元