The ETH long positions have flipped again, and this time the main character is still an old acquaintance.

In the first week of December, the market gave this big trader a vivid lesson. This morning at 8 o'clock, a sudden plunge directly turned his Ethereum long positions from profit into a loss, ultimately triggering the liquidation mechanism, and the account was completely wiped out.

What's more dramatic is the operation from a few days ago. He just added 1 million USD in margin to his account, crazily increasing his positions, which at one point rolled the unrealized profit to 2.08 million. As a result, with this large bearish candlestick, the account balance directly shrank to 360,000, evaporating more than 80% in just one morning.

It takes less than 24 hours from the top of the mountain to the foot of the mountain.

Even whales can be harvested like this, and retail investors need to be more careful. At this position, the most important thing is to keep your hands steady. If you are already stuck, don't rush to cut losses; if you haven't entered the market yet, don't be in a hurry to catch the bottom.

Only when the market truly stabilizes and clear signals of a bottom are seen, should one consider gradually building a position. The bottom is something that is confirmed, not guessed. Wait until the downward momentum is completely released, and then follow the confirmed trend to layout, the win rate will be much higher.

During market volatility, surviving is more important than making quick money.