Whale shorted ETH 25x, and I actually started to be afraid to short it.

There is a very classic rule in the crypto world:
When the market is everyone’s outlook is bearish, 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 really thinks it will fall,
Who will take the final shot?
That’s why I’m now more hesitant to hold a large short position on ETH.
Because the most skilled thing in the crypto world is:
— Going against human nature.
What is ETH’s biggest characteristic right now?
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 look more like?
Like a “stress test.”
Especially at the $2000 level, the market will definitely fight fiercely.
Because this is not just a technical level.
It’s also an emotional level.
Once it breaks below:
Media will write wildly “ETH falls below 2000”;
Bears will open positions frantically;
Retail investors will start doubting their lives.
But it’s precisely because of this.
Many funds will instead try to defend the price here.
Because the biggest fun 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 may temporarily dip below.
But not necessarily truly break down.
Simply put:
It will fall to show you;
But not necessarily make you feel comfortable to hold to the end.
And the real factor that will decide the direction might not be May,
But June.
Because the Federal Reserve, ETFs, macro risks, will all influence capital flows again next month.
Right now, ETH is more like the low pressure before a storm. #Polymarket每日热点