$ETH Even the institutions are barely buying anymore, and you’re still trying to call the bottom?
BitMine’s accumulation has stalled at 5%. It’s just 100,000 coins short of its 6 million target, so it’s basically almost there.
Looking at the market, ETHUSDC liquidations are around $26.64 million, with over $700 million liquidated across the entire market.
【Bearish outlook】
Rate-hike expectations from the Fed are still in play. Don’t chase above 2,650.
If 2,500 doesn’t hold, watch 2,450.
Don’t rush to buy the dip just yet. Wait for it to choose a direction.
BitMine’s accumulation has stalled at 5%. It’s just 100,000 coins short of its 6 million target, so it’s basically almost there.
Looking at the market, ETHUSDC liquidations are around $26.64 million, with over $700 million liquidated across the entire market.
【Bearish outlook】
Rate-hike expectations from the Fed are still in play. Don’t chase above 2,650.
If 2,500 doesn’t hold, watch 2,450.
Don’t rush to buy the dip just yet. Wait for it to choose a direction.