$ETH Bloodbath of 130 bucks! Brothers who chased long at 1700 and got trapped, Old Zhang will show you a way out!

The most painful thing in crypto is not losing money, it's being able to reduce losses but stubbornly holding until liquidation.

ETH is now quoted around 1570, dropped from above 1700, losing over 130 US dollars. The 1-hour candlestick chart is fragmented, all moving averages are pressing down hard, every bounce is just feeding the bears. You think it's the bottom? There are still 500 million in long positions waiting to be liquidated below—once 1520 breaks, even 1400 may not hold.

Look at the smart money situation: 2,191 short traders, with positions worth 1.28 billion, 87% are in profit; 992 long traders, with positions worth 450 million, losing 136 million. It's obvious who's feasting and who's getting beaten. ETF funds have been flowing out for seven weeks, and the foundation cut 20% of its staff; the market's confidence in ETH is almost worn out.

If you keep holding and don't cut losses, it hurts; if you cut, it hurts the heart.

But Old Zhang tells you—a rebound is not a reversal. While it's still at 1570, reduce positions or hedge a bit, at least you can reduce losses and treat it as gains.

How to operate specifically? Should you stubbornly hold and wait for a rebound? Or find a level to reduce positions? Everyone's position, leverage, and margin are different; there is no one-size-fits-all solution.

Don't figure it out blindly by yourself. Old Zhang will help you calculate one-on-one! The market waits for no one.

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