Yesterday, a trader known for aggressive trading was liquidated again. Interestingly, just one night later, this trader regrouped funds and recharged 1.2 million USDC to re-enter the market. This time, he continued to take long positions at the Ethereum price range of 2940, seemingly ready to reinforce his conviction.

Honestly, this approach easily brings to mind a cycle—liquidation, re-adding positions, then liquidation again. The repetitive storyline plays out in the market, and it’s starting to feel a bit tiresome. If it ultimately ends with liquidation, then this show might be too cliché.

But on the other hand, during this back-and-forth, we also see the persistence of market participants. They are voting with real money at the 2940 price level. Whether this time they can break through successfully depends on how Ethereum’s price develops next.

I’m curious to see what will happen this time.