The late-night Ethereum taught all long positions a lesson - what is a flash crash face slap.

The price plummeted from 2831 to 2718 in a straight line, without even a decent rebound in between. Even more magical is that today during the trading session, ETH even touched a high of 3048, but was smashed back to the 27xx range within a few hours, now hovering around 2750, as if waiting for the next wave of liquidation.

The trading group has exploded:

Just now, an old brother sent a message saying "Ethereum is stable this time, go all in directly."
The next second, the system popped up a notification: "Insufficient margin balance, position has been forcibly liquidated."

This roller coaster market really makes you watch the show while breaking out in a cold sweat.

ETH8.3%

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quietly_staking

· 11h ago

Here we go again, every time they say it's stable but the result is always like this. From 3048 to 2718, there really wasn't any rebound in between, that's why I only dare to play with small amounts. --- How are the brothers who went all-in doing now? This wave really should serve as a lesson. --- This contract thing, you can get rich in a second when you win, but when you lose, it's directly zero, no middle process. --- 2750 feels like fishing, I really don't know how much support is left below. --- Where are those who said it was stable in the group just now? Come out and say something. --- That's why I have always been testing with small positions, playing this with large funds is really a gamble with your life. --- From 3048 crashing to 2718, who did this? Or is it another wave of concentrated Close Position?

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staking_gramps

· 12-02 01:04

Damn it, it's this same trick again, every time they deceive me to enter the market --- The guys who went all in are probably shaking in the corner right now --- From 3048 to 2718, this wave caught me completely off guard, I couldn't react at all --- What are the contract guys still hesitating for? Just give us a straightforward answer, will you? --- Seeing what happened to that guy in the group, I've decided that it's safer to just stay flat --- This is the reason I never go all in, everyone should remember this --- Flash crashes like this are really hard to guard against, that cut at 2718 was too brutal --- Those who still dare to go all in now are truly brave, I admit I'm scared.

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LiquidationSurvivor

· 12-01 18:49

From 3048 to 2718, this is a true reflection of my life last night, haha How is that guy with all-in now? Can he still eat? I told you not to chase the price, this wave is obviously dumping, those who got played are all greedy ETH's temperament is really something, take the opposite position with a dumping, making everyone shut up Market manipulation? Or is it really the fundamentals? Anyway, I am scared, just holding cash Next time I dare to go all-in, I'll delete the trading app.

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CryptoCross-TalkClub

· 12-01 18:31

Laughing to death, I said this wave was a play to harvest suckers, yet the brother went all in, I really admire this courage. The long positions in this class are impressive, directly crashing from 3048 to 2718, not even giving a chance to catch a breath, this is what you call a textbook-level slap in the face. Looking at this Candlestick, it falls faster than the punchlines in my stand-up, truly amazing. Once the liquidation notice pops up, the account balance turns into a historical story. This is the crypto world, still dreaming of counting money in the morning, but forcibly woken up in the afternoon. 27xx going back and forth, waiting for the next wave of harvesting, suckers, fasten your seatbelts. Today's operation of Ethereum, I would like to call it the best performance in the crypto world this year.

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notSatoshi1971

· 12-01 18:30

It's this trap again, saying it's stable and the next second it gets liquidated. I've watched it so many times and I'm still falling for it.

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