Simply put: a smart-money trader opened a 20x leveraged long position in 12,000 ETH, with an unrealized profit of around $626,000.
Once the bearish news is out, uncertainty actually decreases—but we need to wait for a signal from the price. If the price pulls back to the range it was in before the news broke and holds, then this thesis carries weight.
$ETH is currently at 2499.55—worth keeping an eye on.
#ETH
Data is from public sources. Please verify it yourself.
Once the bearish news is out, uncertainty actually decreases—but we need to wait for a signal from the price. If the price pulls back to the range it was in before the news broke and holds, then this thesis carries weight.
$ETH is currently at 2499.55—worth keeping an eye on.
#ETH
Data is from public sources. Please verify it yourself.