🚨 South Korea’s KOSPI plunged over 6% on October 13, raising concerns that forced stock liquidations could spill into crypto.
📉 Why $ETH is at risk:
Fundstrat’s Tom Lee warned that margin calls could push investors to sell crypto for cash. ETH traded near $2,488, with key support at $2,400–$2,450.
A break below $2,400 could expose the next support near $2,200.
Resistance sits around $2,600, followed by $2,750–$2,800.
🐋 Meanwhile, #Bitmine added 12,532 #ETH , bringing its holdings to approximately 6.03 million ETH, or 4.9% of the reported supply. The company says it is nearing its 5% accumulation target.
#SKHynixSharesDrop7.1% #Write2Earn #KOSPI
📉 Why $ETH is at risk:
Fundstrat’s Tom Lee warned that margin calls could push investors to sell crypto for cash. ETH traded near $2,488, with key support at $2,400–$2,450.
A break below $2,400 could expose the next support near $2,200.
Resistance sits around $2,600, followed by $2,750–$2,800.
🐋 Meanwhile, #Bitmine added 12,532 #ETH , bringing its holdings to approximately 6.03 million ETH, or 4.9% of the reported supply. The company says it is nearing its 5% accumulation target.
#SKHynixSharesDrop7.1% #Write2Earn #KOSPI