Ethereum falls to a 2-month low as Wintermute continues shorting ETH
- Ethereum (ETH) fell to $2,315, marking its lowest price since mid-August, amid a widespread downturn in the cryptocurrency market.
- The market crash is attributed to various factors, including a significant decline in Asian markets and macroeconomic pressures, while ETH has been particularly affected by an increase in short positions and declining ETF inflows.
- Over the past 24 hours, around $293 million in leveraged positions were liquidated, with ETH leading the trend and accounting for a significant share of the losses.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum (ETH) fell to $2,315, marking its lowest price since mid-August, amid a widespread downturn in the cryptocurrency market.
- The market crash is attributed to various factors, including a significant decline in Asian markets and macroeconomic pressures, while ETH has been particularly affected by an increase in short positions and declining ETF inflows.
- Over the past 24 hours, around $293 million in leveraged positions were liquidated, with ETH leading the trend and accounting for a significant share of the losses.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto