Base

Just imagine not MAX bidding, when 2 Billions $ of long positions were liquidated in a WEEK.

Hundreds of thousands of traders were liquidated in a week, $2 billion worth of long positions alone were liquidated, and GLOBAL market lost more than 15 billion of open interest - mass wipe, global reset, market self-cleaned, call it what you want.

$ETH dropped from 4000 to 2100 usd in 3-4 weeks!

For some reason, people are so organized that they keep expecting more and deeper downfalls


web3 enthusiast and сollector 💎🙌🏻 | NFA/DYOR

There was a classic redistribution from ludomaniac futures gamblers to patient rich spot buyers. I'm still in shock to this day, honestly, I haven't seen such a forced drop out of positions in a long time.

After such events you shouldn't be afraid to buy at all, as a rule, because the risk of being rektanized is obviously minimal.

Especially on the spot.

I bought a lot of $ETH in the range of 2200 - 2300 usd, I plan to wait for September-October and take 50-80% on the buy-side 

Or lose all $ETH on onchain trading with shitcoins 

How many times have I seen it in this market, it's the usual, people were scared of WW3 in the middle east, recession in the US, whatever, and then the market returned to almost the same old values