Whale shorted ETH 25x, and now I actually feel less confident about shorting.

There is a classic rule in the crypto world:
When everyone sees a market decline, the danger is often not the bulls,
but the bears.
Recently, after ETH approached $2000, market sentiment has clearly started to turn pessimistic.
Especially after that whale with 25x leverage shorted 12.6k ETH, many people simply assumed:
"It's over, it's going to crash."
But here’s the question.
If everyone truly thinks it will fall,
who will take the final hit?
That’s why I now feel less comfortable holding a large short position on ETH.
Because the most characteristic thing in the crypto world is:
— Against human nature.
What is ETH’s biggest current feature?
Weak.
But not weak enough to be hopeless.
This is crucial.
Before a real crash, the market usually shows signs of large-scale panic:
On-chain selling;
Stablecoin outflows;
Massive exchange deposits.
But right now, it’s not completely out of control.
What does it resemble more?
Like a “stress test.”
Especially at the $2000 level, the market will be fiercely contested.
Because this is not just a technical level, but also an emotional level.
Once it breaks below:
Media will wildly write “ETH loses $2000”;
Bears will aggressively open positions;
Retail investors will start doubting their own judgment.
But precisely because of this,
more funds might try to defend the price here.
Because the greatest pleasure in the market is making most people uncomfortable.
My current more likely conclusion is:
ETH will probably oscillate around $2000 repeatedly by the end of the month.
It might temporarily dip below,
but not necessarily truly break down.
Simply put:
It will fall to test you;
but not necessarily make you feel comfortable to hold to the end.
And the real factor that will determine the direction might not be May,
but June.
Because the Federal Reserve, ETFs, and macro risks will all influence capital flows again next month.
Right now, ETH is more like the low-pressure area before a storm. #Polymarket每日热点