Everyone is criticizing the market makers for shaking out positions, but I think this time with $ETH, the script looks more like big players secretly picking up bloodied chips.

That previous drop from 1700, the whole group was full of liquidation alerts, everyone thought it was going to break the previous low. My orders were also swept away by a spike, and I had only one thought: respect.

But these past two days, I've been watching the trading volume, and something feels off.

$ETH is now at 1,733, only up 0.39% in 24 hours, the price hardly moved. Yet, the 24-hour trading volume still shows 700 million US dollars.

This level of volume at this price doesn’t seem like retail investors are buying the dip; it looks more like someone is taking advantage of panic sentiment, gradually swallowing up the liquidity.

I'm not the type to call trades, but you can't lie about what the charts show. Small coins like W and OFC have seen liquidation spikes of a dozen points in 24 hours, and long positions with 19x, 20x leverage have been wiped out completely.

At times like this, market sentiment collapses. But the more the sentiment collapses, the easier it is for a counter-move to happen.

My personal feeling is that at this level, both longs and shorts are hard to trade. Going short risks being pulled back by big players' accumulation actions, while going long fears that the rumors of a capital crisis at EF will ferment again, pushing the price down.

My holdings are now reduced to just the core position, just waiting to see what this volume can really produce.

Are there any brothers in the comments section also watching this $ETH volume and price relationship? Share your guess—do you think it will break below 1600 first, or turn around and surge to 1800 directly?
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