Ethereum, did you install location tracking?

Go short and you blow me up, go long and you blow me up too! Are you chasing me to kill me?

I really can’t take it anymore. I’m truly exhausted.

Last month, I watched Ethereum’s downtrend get brutal, so I gritted my teeth and opened a short, thinking I could finally get some blood back—yet you directly bounced violently, wiping my short position clean off the board.

Alright, I accept it. I flipped and followed the crowd to go long, thinking this time it had to be right. But then you started dumping again—dropping several hundred points in a day—and my long positions got blown up again.

Ethereum, did you install surveillance in my account? Whatever I do, you do the opposite.

When I short you go up, when I long you go down—so the whole market is just targeting my little bit of principal to slaughter, right? It’s only 15u. Why chase me around to blow me up like this?

Just look how absurd this market is: since June, Ethereum has dropped straight from 2300 to 1600, a full 33% decline! On the 6月15号, 270k people were liquidated across the whole network. And just Ethereum longs alone got wiped out of $390 million—90% of it were from long brothers. We all got buried.

But what’s ironic is this: the on-chain data doesn’t look like a breakdown at all:

- 32.4% of the total ETH supply is locked in staking contracts, hitting an all-time high. Nearly 3 million ETH are still queued up waiting to enter staking, and the withdrawal queue is almost zero.
- Exchange ETH reserves have fallen to the historical lowest point—only 14.5 million coins—while big holders are withdrawing and exiting.
- The number of non-custodial wallets is about to break 200 million, with over 1.3 million active addresses day by day.
- Ethereum ETFs have just ended four consecutive days of outflows. Yesterday alone, there was a net inflow of $22.5 million—Fidelity by itself bought $17.62 million.

Institutions are rushing in to buy the dip, big players are staking, long-term holders are locking their funds—only we retail traders trading with contracts are slaughtering each other. #eth