A different take: Over the past 4 hours, liquidations across the entire market totaled $187 million, including $174 million in long positions.
Most people see this as bearish. What I’m wondering is: has most of the selling pressure already been absorbed? It’s not uncommon for prices to stop falling once bad news has been priced in.
$ETH 24h -3.4%. The more often similar news appears, the less impact it has in practice.
Most people see this as bearish. What I’m wondering is: has most of the selling pressure already been absorbed? It’s not uncommon for prices to stop falling once bad news has been priced in.
$ETH 24h -3.4%. The more often similar news appears, the less impact it has in practice.