$ETH 2565.77｜24h -1.3%
First, let’s look at price: it’s trading within the 24h range of 2538.06–2599.9. Now the news: another 2.3% drop in ETH would trigger the liquidation of nearly $100 million in long positions held by “Machi.”
Bad news at a high tends to hit harder; at a low, it’s often the final act of market sentiment.
Bullish or bearish?
#ETH
This is for informational purposes only and does not constitute investment advice.
First, let’s look at price: it’s trading within the 24h range of 2538.06–2599.9. Now the news: another 2.3% drop in ETH would trigger the liquidation of nearly $100 million in long positions held by “Machi.”
Bad news at a high tends to hit harder; at a low, it’s often the final act of market sentiment.
Bullish or bearish?
#ETH
This is for informational purposes only and does not constitute investment advice.