⚡ Huazi has another sleepless night: Trend Research recharges 35,000 ETH ($78.7M) to #Binance to deleverage ⚡
Since February, a total of **160,000 ETH** has been charged to Binance, once the most steadfast bull in the ETH market, now being pushed step by step towards the 'guillotine' by the market.
- $3100 fully leveraged, full of hope
- $2200 forced to clear, leaving with scars
A **$128 million** exorbitant tuition fee, leverage is something even institutions cannot master.
As @zhusu said:
"Selling at the top" is often more dangerous than selling during the downward trend—successfully escaping the peak can lead to premature replenishment, excessive confidence, and ultimately double the injury.
Currently, there are still **498,000 ETH** left in the account. Has the market's 'hunting' of him ended? Or are there still hidden arrows?
What is more worth pondering is:
Last year when BTC was above 80,000, ETH was only $1400;
Now that BTC has fallen below 80,000, ETH still firmly holds above $2200.
Is this the true value discovery of ETH, or has the bubble not yet fully deflated?
#Ethereum #ETH #cryptocurrency #leverage #deleverage
Since February, a total of **160,000 ETH** has been charged to Binance, once the most steadfast bull in the ETH market, now being pushed step by step towards the 'guillotine' by the market.
- $3100 fully leveraged, full of hope
- $2200 forced to clear, leaving with scars
A **$128 million** exorbitant tuition fee, leverage is something even institutions cannot master.
As @zhusu said:
"Selling at the top" is often more dangerous than selling during the downward trend—successfully escaping the peak can lead to premature replenishment, excessive confidence, and ultimately double the injury.
Currently, there are still **498,000 ETH** left in the account. Has the market's 'hunting' of him ended? Or are there still hidden arrows?
What is more worth pondering is:
Last year when BTC was above 80,000, ETH was only $1400;
Now that BTC has fallen below 80,000, ETH still firmly holds above $2200.
Is this the true value discovery of ETH, or has the bubble not yet fully deflated?
#Ethereum #ETH #cryptocurrency #leverage #deleverage
