I chatted with a friend about this for quite a while: a certain smart-money trader went long 12,000 ETH with 20x leverage, with unrealized profits of about $626,000.
When facing bearish news, the first thing to consider should not be opportunity, but your own risk.
After staying in this market long enough, you’ll find that there is still a lot of capital between the news and the price.
$ETH is currently at 2497.76.

#ETH

This article is for informational sharing only and does not constitute investment advice.