The so-called 'ultrasound money' is currently bleeding out the biggest whales in the game. Staggering on-chain metrics show $ETH
longs are getting completely decimated, drowning in tens of millions in unrealized losses. The smart shorts are already eating their lunch. I am keeping my exposure strictly short on this because a liquidation cascade of this magnitude is inevitable. Don't be the last one holding the bag when the floor gives out!