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This morning's news, the Nikkei has already collapsed, and the tariff issue has caused the financial market to crash for several days. Today, the Nikkei has completely collapsed as well. This market is now testing who can survive until the end and make big money. Extreme market conditions often lead to extreme reversals; a 30% drop is often followed by a 40% rise. Given the current state of the market, fortunately, we have not been liquidated, and we are still a certain distance away from forced liquidation. Based on the current Ethereum spot price of 1780, we still have a dozen points before reaching our liquidation threshold. Several large whales above 1780 have already been liquidated for tens of billions. We won't mention those who are following orders on various platforms; after all, they have dropped more than 15%, and altcoins have dropped more than 25%. A 3x leverage must have triggered stop-losses more than twice, and a 5x leverage is enough to cause liquidation. In such extreme market conditions, as of now, we still need a drop of more than 10% in Ethereum to reach liquidation. We are among the last batch of relatively resilient traders. Overall, our position is very close to our upper reduction point, just a few dozen dollars away.
I've seen a lot of people comment on me, maybe the whites are panicked, as a trader for more than ten years, in the face of these markets, I don't panic at all, I may have experienced too much, what a circuit breaker or something, the last Nikkei circuit breaker, fell 30%, the result rose 80%, to believe in any market, the extreme appearance is for the extreme reversal, our winning side is very large, you say ether right, how it smashes it, you look at the long term, the project party has been doing things for upgrading, see that the exchange rate has reached the lowest level, you look at the reserve bill, There is progress every day, including the possibility that 10% of public funds will be purchased, including ETFs, and if the ether staking income passes, it will be epic positive, and it cannot be ruled out that it will fall to 1600, but I firmly believe that it will go to 3000 in a short cycle, so the importance of survival is here.
I do not recommend adding so-called margin. If you have to add one-tenth of the margin and just lay flat, forced liquidation won't reach the 1450 position at all. We have reduced our positions above the 1850 opening price of Ethereum. Once we reduce, the forced liquidation will fall below 1450, so there's no need to rush. For Ethereum to reverse, at the very least, we need to reach above 2300, and after making a profit, repeatedly sell high and buy low to achieve 2300, aiming for a return of at least double.
Is this position going to stop loss waiting for a lower price? It’s possible to just get washed out, you said you want to go short, but the market is like this, if it reverses, it’s because this short position can end your crypto career. Anyway, I remember a few years ago, it was the same tormenting market, with an opening price of 1900, it dropped to 1700 to maintain a strong flat position, holding the position firmly. A trader I was with at the time chose to go ultra-short, shorting at 1800 and going long back at 1700. Just because he took a short-term trade, the result was that from 1800 shorting, Ethereum went up without a pullback for a month to 4300. What do you all think?