Q: Machi lost $8.44 million trading in a week, and the liquidation price for Ethereum longs fell to $2,431.59—what impact could this have on the market?
A: Mildly negative, but sentiment is often amplified. Capital flows and market structure are what really determine direction. $ETH Current price: $2,478.45. Don’t rush to conclusions before it holds above a key level.
#ETH
For reference only. You are responsible for your own gains and losses.
A: Mildly negative, but sentiment is often amplified. Capital flows and market structure are what really determine direction. $ETH Current price: $2,478.45. Don’t rush to conclusions before it holds above a key level.
#ETH
For reference only. You are responsible for your own gains and losses.