A friend just asked me: “Data: If ETH falls below $2,193, the cumulative liquidation intensity for long positions on major CEXs will reach $634 million.” Is that good or bad?
My answer: It’s somewhat negative in the short term, but bad news doesn’t mean prices will keep falling indefinitely. Once the panic subsides, things may turn around.
$ETH What do you think?
My answer: It’s somewhat negative in the short term, but bad news doesn’t mean prices will keep falling indefinitely. Once the panic subsides, things may turn around.
$ETH What do you think?
