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Long positions are trapped and haven't escaped, let me briefly and straightforwardly explain the reason for $ETH 's sharp decline:
1. Interest rates are now too high, market idle funds are decreasing, and everyone is withdrawing their capital;
2. Ethereum ETF funds have been continuously flowing out, and major traders are taking the opportunity to sell off aggressively; coupled with strict regulatory scrutiny, market sentiment is panicking.
3. Everyone is flocking to buy Bitcoin, pulling funds away from Ethereum, and combined with consecutive liquidation of futures longs causing mutual sell-offs, a bunch of bad news has piled up.
4. Ethereum's market performance is inherently weaker than Bitcoin, unable to withstand volatility, naturally falling much more severely than Bitcoin.
Little friends caught in the trap, are you toughing it out, adding more positions, or cutting losses?
I'm saving enough bullets to add to my positions.