Let’s break this down from a positioning perspective: a whale holding a long position of 98,000 ETH faces liquidation risk, with the position worth approximately $252 million.
When news like this breaks, two things usually happen at the same time:
· Early movers start taking profits
· Funds that only arrived after seeing the news step in to buy
Which side has more strength determines where the price goes. Trading volume over $ETH 24h was $910 million—watch for any abnormal spike in turnover.
#ETH
This data is for reference only. Please make your own decisions.
When news like this breaks, two things usually happen at the same time:
· Early movers start taking profits
· Funds that only arrived after seeing the news step in to buy
Which side has more strength determines where the price goes. Trading volume over $ETH 24h was $910 million—watch for any abnormal spike in turnover.
#ETH
This data is for reference only. Please make your own decisions.