When I opened the data panel today, my heart skipped a beat: in the past 24 hours, the crypto market saw liquidations amounting to $970 million, with over 260,000 traders wiped out. Behind these numbers, how many people took a hit in this round of ETH volatility?

Reviewing yesterday’s trend, around 9 AM, ETH suddenly plunged from around $3,030, dropping nearly 200 points in a single day. Many people were probably still under the illusion of a “rebound market,” only to be caught off guard by a sharp red candle. By evening, the price was oscillating around $2,820. Another group thought, “This must be the bottom now,” and jumped in to buy the dip.

But the technicals had already given a signal: once ETH fell below the $2,880 line, the so-called rebound should be considered over. Those who set stop-losses in time at least avoided the second dip around 11 PM—another 100-point drop.

Right now, there are mainly two groups trapped in the market. One is stuck around the $3,030 “midway up the mountain,” and the other is around $2,820. For the latter, if there’s a rebound opportunity, I suggest exiting directly—don’t bet on a “second spring.” The real headache is the former—the $3,030 group.

The trend has already turned bearish; that’s an indisputable fact. Your position is your lifeline. Different entry prices and leverage levels require completely different solutions. Hold and hope? You might face even deeper losses. Cut your losses? That feels hard to accept.

Honestly, I can’t give a one-size-fits-all solution in public. The real way to get out of a stuck position isn’t to rely on luck and wait for a rebound, but to develop a disciplined defense or breakout strategy based on your cost price, position size, and the current market structure.

If you’re currently trapped and don’t know what to do next, what you need may not be just a general “direction,” but a specific action plan tailored to your own position. The market won’t wait for anyone; the window of opportunity is fleeting.