An institution, (Stanley), is pricing an Ethereum trust. The long position I opened on my phone this afternoon is already no longer green.

$ETH Long position, 9x leverage, entry price 1718.04, now at 1700.71; floating loss is 15.6 $USDT, return rate -9.08%. The number isn’t big, but it’s infuriating.

During the meeting, I saw news from that institution (Stanley) — the $ETH trust was set at 1794.44. At the time, I really thought this thing would go up. I secretly clicked and placed a few orders on my phone, thinking I could wait for a rebound and grab a bite.

As it turns out, the aftershocks from the FOMC wave are still lingering. $ETH directly broke through 1700, and my order just sits there as weak as if I hadn’t eaten.

I just flipped through the chart a few times. Below 1700 is the liquidation zone. Missing the chance to chase the wick is actually a good thing. My instincts tell me this level is stuck in between; if it breaks, I’ll accept it—I won’t pretend to be a teacher.

Don’t let your position get the best of you. In this kind of market, it can grind a person’s patience into ashes.

You know, this market—big institutions entering is a good thing, but the pressure from the macro side is right there. Who would dare to stubbornly hold on when everyone can’t sleep at night?

Later, as the FOMC shock keeps intensifying, this line will keep unfolding: earlier, during the early-morning FOMC, rates were maintained, and the dot plot hinted at more hikes; plus Waller gave up forward guidance. The overall sentiment still hasn’t fully digested.

$ETH is being pinned around 1700, and contract funds and liquidity are both flowing toward $BTC. The altcoin and $ETH longs are being squeezed so badly that, in the short term, it’s either another spike that triggers liquidations, or waiting for shorts to shrink in size before there’s room for a rebound.

Do you still have any open orders left? #我的Gate交易时刻 #预测世界杯巴西VS海地 #STRC跌破面值11%创上市新低