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$ETH That move was too brutal, dropping straight to 2006 in 15 minutes.
The market manipulation isn't just a simple decline, but precise liquidation.
It kept consolidating sideways earlier, fattening the long leverage, and when retail traders thought it wouldn't fall further, it suddenly broke through 2050.
Long positions were stopped out + margin calls triggered in a chain reaction, causing a rapid stampede.
Now 2000 is the critical life-and-death line; holding it could allow a rebound, but if it can't hold, it might drop below 1950.
The most terrifying part is that after clearing out the longs, the market maker is likely to push up again to continue harvesting the shorts.