On Saturday, I bet on ETH at 2620, setting a stop-loss at 2592. As you can see, the price dropped rapidly after the stop-loss was triggered. This highlights the importance of stop-loss orders. After a stop-loss, you can reopen the position; without one, liquidation is the only outcome, the size of your capital only matters, the timing.
The price plummeted 18% in two days from 2700 to 2163, a precipitous flash crash. The insider trader "1011" tragically perished in this drop. To prevent another "black swan" event, Yi's institutions had to reduce their positions, lowering the liquidation price to 1840, leaving only a 16% margin of error.
I never expected such a drop in late January and early February. The market hasn't completed its significant downward move yet. Be patient! Don't open positions recklessly; it's very easy to wipe out your capital in this volatility.
The price of ETH has reached the starting point of the June 2025 rally. If it breaks below 2120, it could fall to 1700. Conversely, if it holds at 2120, it could rebound to 2410.