Let’s review this message:
① What happened: Big Brother Maji cut his position and liquidated 4,700 ETH long contracts; the remaining position is currently floating at a loss of up to $3.06 million and is close to liquidation
② Why it matters: The news is a bit “cold.” The first things affected are sentiment and leveraged funds. What really matters is whether the sell pressure is released all at once or slowly builds up.
③ What I’ll watch: The first big K-line after the news lands, and whether the relevant parties come out to respond.
④ How to respond: Don’t jump in first. Wait for the sell pressure to be released, and then reassess once the K-line holds steady.
Back to the price: the current price of $ETH is 2,532.86; 24h -1.25%; intraday range is 2,504 to 2,587.28.
Which direction do you favor?
#ETH
DYOR, trade rationally.
① What happened: Big Brother Maji cut his position and liquidated 4,700 ETH long contracts; the remaining position is currently floating at a loss of up to $3.06 million and is close to liquidation
② Why it matters: The news is a bit “cold.” The first things affected are sentiment and leveraged funds. What really matters is whether the sell pressure is released all at once or slowly builds up.
③ What I’ll watch: The first big K-line after the news lands, and whether the relevant parties come out to respond.
④ How to respond: Don’t jump in first. Wait for the sell pressure to be released, and then reassess once the K-line holds steady.
Back to the price: the current price of $ETH is 2,532.86; 24h -1.25%; intraday range is 2,504 to 2,587.28.
Which direction do you favor?
#ETH
DYOR, trade rationally.