#比特币与黄金战争 $ETH $UNI $AT

Early morning market fluctuations again stir the waters. ETH near $2801 is filled with $570 million in liquidations—enough to make any trader restless. More painfully, a massive on-chain whale just added 6,048 short positions, clearly aiming to fight the bulls to the end.

From this year's macro background, although sustained buying pressure is driving a rebound, the leverage in this market is too intense. Leveraged gains and losses are often like a taut string—appearing vibrant but full of unpredictability.

The most tricky part is that playing solo at such critical nodes is the most dangerous. The whale's intention to increase positions is very clear, and retail traders going all-in on contracts at this moment are knowingly heading into danger. The liquidation pressure at key levels is no joke; any sudden shock could trigger a chain reaction.

Looking at it from another angle—rather than fighting head-on at high leverage levels, it's better to calmly observe the true intentions of large on-chain players. Whale behavior often reflects the deeper supply and demand dynamics of the market, which is worth studying. In this current situation, risk management should take priority over chasing profits.

DYOR. The market is always there; there's no need to rush.