ETH down 2.95%, 76% still Long: Conviction or recklessness?
Honestly, when I checked the prices this morning and saw Ethereum down more than 2.95%, my heart sank a little. What’s striking is that even as the price keeps sliding, 76% of accounts in the market are still holding LONG $ETH positions.
Most are holding on, hoping this will be a successful bottom-fishing move. But with every red candle, the pressure keeps mounting. I find myself wondering: is this firm confidence in Ethereum’s potential, or a pretty risky move?
As Michael Saylor once said about Bitcoin, sometimes the market calls for a certain degree of conviction. But given the current situation, would you hold on and wait for a rebound, or cut your losses early to protect your capital? Is anyone else feeling the same way?
For informational purposes only, not investment advice. DYOR.
#ETH #Bitcoin
Honestly, when I checked the prices this morning and saw Ethereum down more than 2.95%, my heart sank a little. What’s striking is that even as the price keeps sliding, 76% of accounts in the market are still holding LONG $ETH positions.
Most are holding on, hoping this will be a successful bottom-fishing move. But with every red candle, the pressure keeps mounting. I find myself wondering: is this firm confidence in Ethereum’s potential, or a pretty risky move?
As Michael Saylor once said about Bitcoin, sometimes the market calls for a certain degree of conviction. But given the current situation, would you hold on and wait for a rebound, or cut your losses early to protect your capital? Is anyone else feeling the same way?
For informational purposes only, not investment advice. DYOR.
#ETH #Bitcoin