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$ETH This move is too brutal—within 15 minutes, it cascades straight down to 2006.
That “dog” market maker isn’t just plain selling off; it’s doing a precise liquidation.
It kept ranging sideways for a long time, grinding everyone down and fattening the long leverage—then, once retail traders start thinking it won’t fall any further, one strike instantly breaks through 2050.
Longs stop out + liquidation chains trigger one after another, and it turns into instant panic selling.
Now 2000 is the critical life-or-death line: if it holds, there could be a rebound; if it doesn’t, it may even drop below 1950.
The most terrifying part is that after wiping out the longs, the market maker will most likely pull back again to keep harvesting the shorts.