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$ETH Decisively go short!
Brother Maji can’t take it anymore. He has just closed most of his Ethereum long positions, cutting his exposure dramatically from the peak and leaving only 1,700 coins to stubbornly hold. He’s only $23 away from the next liquidation—anyone else would be unable to withstand it. Retail investors are still clinging to hope, and the most aggressive bulls have already exited early. I directly piled in with a $320,000 short position—full allocation!
1. Brother Maji is forced to close out, and the final pillar of the bulls collapses. As of May 22, Ethereum spot ETFs have seen net outflows for 10 consecutive trading days, and BlackRock’s ETHA had another $5.64 million outflow in a single day. Over the past week, Ethereum-related funds have cumulatively fled $222 million, the worst performance of the year so far. Harvard University liquidated an Ethereum position worth $87 million in Q1, and that “relay” institutional exit is exactly why Maji can’t hold on.
2. The regulatory narrative sputters out again, and the RWA lifeline sinks completely. The market had been treating tokenized stocks as Ethereum’s savior, but this week the SEC directly announced an indefinite delay to the “Innovation Exemption” plan. The technical compliance disagreements are too large; there’s no way to guarantee shareholders’ basic rights on-chain, and even the key draft framework couldn’t take shape. The old-chain transformation story can’t be told anymore, and expectations for incremental capital have been completely choked off.
3. ETH has already defected early by $2,000. Trading volume surges as the market breaks below a key defense zone. On the daily chart, you can hardly find any decent cluster of buy orders below. Once the $2,000 psychological line is breached, what follows is a chip “vacuum” zone that could last for half a year—bulls simply have no ability to resist.
Brother Maji can’t hold on anymore. Institutions are running away, and regulatory support to extend the cycle is cut off—three mountains press down hard on Ethereum. The $320,000 short position is locked in full, waiting for the $1,900 abyss to open completely, burying all these retail traders who chased longs!