By all the devils of finance, a modern alchemist who had spun mere 125,000 $ into a mountain of 43 million has seen his Midas touch turn to ash, as if a mischievous demon had blown out the very candle by which he was reading his charts! They say he went long on Ethereum (ETH), riding the beast of a rally, only to be thrown from its back and trampled, his account now a paltry 771,000 $. The brokers, no doubt, had a good laugh.
Forty-two million, vanished! In the grand opera of the markets, this trader’s finale was not a heroic aria but the sound of a margin call-a ghostly whisper from the ether. The platform Lookonchain, that chronicler of digital follies, reports the poor soul re-entered the fray, a glutton for punishment, only for the price to execute a perfect, pitiless plunge. His leverage, a fiction. His fortune, a memory. 6.22 million dollars, gone in a puff of cynical smoke.
Only days prior, he was a king of the new world! He had closed a position of 66,749 ETH-a sum of 303 million-pocketing a cool 6.86 million in profit. A 55-fold multiplication of his initial stake! From a pittance to a palace. And now? The palace has no roof, the windows are blown out, and the wind of reality whistles through its empty halls. Four months of genius undone in two days of farce.
And so the market, that capricious and heartless beast, gnaws another bone. This saga, from prince to pauper, is a delightful mockery of human greed. It highlights, with sublime sarcasm, the brutal volatility of chasing dragons and the sheer idiocy of leaving a king’s ransom unprotected on a wobbling table. A lesson, perhaps, for all the other fools dreaming in the digital haze.
And what do the soothsayers say? The analysts, those witches and wizards of Wall Street? They peer into their crystal balls and declare the 10% bloodletting of Ethereum’s price to be… salutary! A healthy correction! One Mark Newton, a technomancer from Fundstrat, pontificates that ETH is merely catching its breath in some mystically significant zone of $4,075 – $4,150, mumbling incantations about Elliott Wave patterns. He assures us this is not the end, oh no! He predicts a triumphant surge to a new all-time high near $5,100. May his charts be right, for all our sakes, though I suspect his crystal ball is just a particularly shiny paperweight.
A chart, no doubt depicting the very cliff from which our hero fell. How picturesque.
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2025-08-22 16:08