Q: A whale closed a 20,000 ETH long position, making an $8.93 million profit. What impact will this have on the market?
A: The overall tone is mildly bullish, but beware that the good news may already be priced in. News is news, and market structure is market structure: until the trend changes, don’t let a single news item dictate the market’s direction.
$ETH .
A: The overall tone is mildly bullish, but beware that the good news may already be priced in. News is news, and market structure is market structure: until the trend changes, don’t let a single news item dictate the market’s direction.
$ETH .