$ETH Fully short!

Maji can’t hold on anymore; just now, I sold 1,777 ETH at a loss, losing over $20k. Now I only have 6,000 ETH left to hold on. The liquidation price is at $2,072.9, less than a point away from the current price of $2,099. Big players are already unloading, how much longer can this market sustain? I’m directly going all-in with a $400k short position!

1. Big brother Maji can’t even hold onto his chips anymore. He was repeatedly liquidated while holding 6,375 ETH long on Hyperliquid, his account once only had $85k left, with losses approaching $32 million. Now he’s switched to 6,000 ETH longs, less than $20 from the liquidation line, just 0.96%. There’s no room to breathe. His only way to save himself is to keep cutting losses and dumping, chopping away at the position—this is a vicious cycle of robbing Peter to pay Paul. The entire market is watching the liquidation line; as the price nears, panic selling accelerates, and it’s unstoppable.

2. Institutional funds have been withdrawing for five consecutive months. Over the past five months, Ethereum spot ETF net outflows exceeded $2.4 billion, with another $216 million pulled last week alone, and BlackRock’s ETHA accounted for $189 million of that. The key issue is that Ethereum’s valuation logic is being fundamentally shaken; DEX trading volume has shrunk by 53% over six months, even Layer 2 solutions are bleeding on the mainnet. ETH/BTC has fallen to around 0.027, hitting a ten-month low, and ETH is being systematically abandoned by the market.

3. Regulatory iron fists are coming down. Last week, the SEC just overturned a key accounting rule change, directly tightening crypto custody standards. The CLARITY bill’s committee stage was chaotic, with Democrats like Warren openly saying they would vote against it, making the outlook uncertain. The most imaginative tokenized stocks “innovation exemption” has also been indefinitely delayed by the SEC, and Wall Street’s most important narrative has completely fizzled out.

The $2,000 level was already paper-thin; Maji’s liquidation line, massive institutional withdrawals, and comprehensive regulatory tightening—these three slaughtering blades are all aimed at Ethereum’s neck. Once it falls below $2,000, the support at $1,800 is almost a free fall. Locking in $400k full position, waiting for the moment when the $2,000 level breaks through, crushing the last batch of longs in the market!