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Brother Ma is suffering too much—can’t he just enjoy a proper meal of some meat?
Once the hedge setup is up, the dog whale is eyeing him again.
Current position (total value $7739 ten-thousands):
· BTC long: 548 BTC, opened at $76,200, liquidated at $74,926, unrealized profit +$45 ten-thousands
· ETH long: 1.5 ten-thousands ETH, opened at $2,330, liquidated at $2,206, unrealized loss -$75 ten-thousands
· New short order: ETH at $2,325, BTC $78,750~$79,000 (limit order, not filled)
The issue is with ETH:
The liquidation price $2,206 is only $23 away from the pain point of the entire ETH long position at $2,229. Want to hedge with a short at $2,325? You’d have to rebound up first to get filled—but the dog whale will likely smash straight through the liquidation price.
Dog whale: liquidate the ETH longs first
ETH breaks below $2,206 → 1.5 ten-thousands ETH liquidated (about $3500 ten-thousands). BTC is temporarily safe, but once ETH collapses, panic can’t run away.
Brother Ma wants to hedge and also wants to eat meat, but every time it ends up being the buyer. Over the next 12 hours, if $2,206 can’t hold… bro, next time, change the script. $BTC $ETH