The so-called "safe haven" of crypto is currently a highly sophisticated slaughterhouse designed to break you.
Look at the terrifying reality under the hood of $ETH . An unbelievable $729.97M is locked in by whales, and the long side is facing total annihilation. 134 whales are holding longs that are drowning in a staggering -$32.75M in unrealized losses! Meanwhile, 145 whales are calmly shorting this into the ground, raking in +$3.73M. The retail crowd is blindly buying the dip while the institutional heavyweights distribute their bags directly onto them.
I am positioning myself short on $ETH. The pain is far from over, and I want no part of holding those toxic bags.
Look at the terrifying reality under the hood of $ETH . An unbelievable $729.97M is locked in by whales, and the long side is facing total annihilation. 134 whales are holding longs that are drowning in a staggering -$32.75M in unrealized losses! Meanwhile, 145 whales are calmly shorting this into the ground, raking in +$3.73M. The retail crowd is blindly buying the dip while the institutional heavyweights distribute their bags directly onto them.
I am positioning myself short on $ETH. The pain is far from over, and I want no part of holding those toxic bags.