ETH broke below $2200 without resistance. Yesterday, I mentioned that large investors are continuously increasing their holdings of put options, even very low strike puts. This positioning continues today, but trading volume is now concentrated on March expirations with $70,000 to $80,000 strikes. Implied volatility (IV) is rising rapidly, and skew is quickly turning negative. Large investors are shifting from short-term bets to medium- and long-term outlooks. The bearish sentiment is beginning to materialize from concerns. Based on my years of experience, ETH is very likely to test the $2000 round number.

#ETH Keep shorting and making big profits continuously.

Deep Tide TechFlow News, February 4th, according to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $777 million, including $592 million in long positions and $184 million in short positions. The BTC liquidation amount reached $292 million (longs $240 million, shorts $52.34 million), ETH liquidation was $306 million (longs $215 million, shorts $91.42 million). Over the past 24 hours, a total of 167,466 people were liquidated, with the largest single liquidation occurring on HTX's ETH-USDT trading pair, valued at $8.4038 million.