A friend just asked me: “Data: If ETH breaks above $2,211, cumulative short liquidation intensity on major CEXs will reach $757 million.” Is that bullish or bearish?
Here’s what I said: Directionally, it’s somewhat bearish, but bad news ≠ an endless drop. Once the sentiment has run its course, there may actually be opportunities.
$ETH What do you think?
#ETH
Here’s what I said: Directionally, it’s somewhat bearish, but bad news ≠ an endless drop. Once the sentiment has run its course, there may actually be opportunities.
$ETH What do you think?
#ETH