$ETH is sitting around $1,800 after tagging $1,710 on Sunday, and honestly the bounce feels more like relief than demand. CoinGlass had roughly $488M of ether positions wiped in a single 24h stretch over the weekend, so a lot of the leverage that was holding it up is already gone.
What I'm watching this week is less about crypto and more about where the big money goes. Nvidia reports Tuesday, Fed minutes drop Wednesday, and Anthropic is set to list Thursday. Xapo Bank's CEO already blamed part of the slide on capital rotating into that IPO book, and US spot $BTC ETFs just logged another ~$1.07B weekly outflow. If that rotation keeps going, alts like $ETH usually feel it first.
My plan is simple: no chasing green candles under $1,900. If $1,710 breaks I expect another flush, and I'd rather buy that than this middle zone. Friday also has about 142K ETH in Deribit options expiring, which can keep price pinned into the weekend.
Do you think the Anthropic IPO is really pulling liquidity out of crypto, or is that just an excuse for a weak market?
NFA, just how I'm playing it.
#ETH #Ethereum #CryptoMarket #MarketPullback
What I'm watching this week is less about crypto and more about where the big money goes. Nvidia reports Tuesday, Fed minutes drop Wednesday, and Anthropic is set to list Thursday. Xapo Bank's CEO already blamed part of the slide on capital rotating into that IPO book, and US spot $BTC ETFs just logged another ~$1.07B weekly outflow. If that rotation keeps going, alts like $ETH usually feel it first.
My plan is simple: no chasing green candles under $1,900. If $1,710 breaks I expect another flush, and I'd rather buy that than this middle zone. Friday also has about 142K ETH in Deribit options expiring, which can keep price pinned into the weekend.
Do you think the Anthropic IPO is really pulling liquidity out of crypto, or is that just an excuse for a weak market?
NFA, just how I'm playing it.
#ETH #Ethereum #CryptoMarket #MarketPullback