ETH harvests long positions, the precious metals market evaporates billions of dollars within 36 hours—my condolences to the investors.

This round of market movement has been a rollercoaster for participants. Ethereum (ETH) experienced a fierce decline that directly wiped out many long positions, while almost simultaneously, the global precious metals market also underwent an epic plunge—over $7 billion in combined losses across major metals like gold, silver, platinum, and palladium within 36 hours.

Winners and Losers in the Market

In this storm, the real test has arrived. Investors who chased the high prices of ETH are now facing the dilemma of “account stop-loss.” Meanwhile, those who held their positions in cold wallets at the bottom have become potential beneficiaries of this wave. ETH is currently priced at $2,020, up 3.28% over the past 24 hours, and technically, it seems to be brewing a new rebound opportunity.

But the true victims are those who have suffered losses in both precious metals and ETH. Driven by FOMO, they invested heavily at the peak prices, only to face reality with unrealized losses now.

Unexpected Blow to the Precious Metals Market

The sharp decline in precious metals (#gold #silver #platinum #palladium) reflects a rapid depletion of market liquidity and a collective sell-off of risk assets. Investors are rushing to withdraw from various assets, turning these traditionally “safe-haven” metals into targets of selling.

Investors who bought precious metal futures or physical metals at high prices are now tasting the bitter fruit of “buying the top.” The magnitude of this decline is enough to derail many investment plans.

Dilemmas for Jewelers and Ordinary Investors

In this market upheaval, jewelers (#ювелиры) are also caught in a dilemma. They are victims of metal price fluctuations but may also seize opportunities when the market reverses. For those relying on inventory of precious metals, there may be short-term pressure from inventory devaluation.

We sincerely sympathize with investors who have suffered losses in this round of market turmoil. The market is ruthless, but every lesson is an opportunity to grow. Bottoms often harbor new opportunities, and the key is to survive until that moment.