Machi lost $8.44 million trading in one week; the liquidation price for Ethereum longs fell to $2,431.59.
My first reaction after reading this: bearish bias. If you’re thinking of buying the dip, wait for the selling pressure to clear.
I’ve lost money chasing news before, so these days I pause when I see this kind of thing.
$ETH 24h -3.91%

#ETH

Data is from public sources; make sure to verify it yourself.