I've always thought $ETH would definitely need to be recovered. This rally is just a test of the market. After liquidating so many longs, it's time to liquidate some shorts too—otherwise, all the bears will get away.
A recovery to 2400 could liquidate over 200 million worth of short positions. A rise to 2470 could liquidate 600 million worth. I'll leave 2470 aside for now, but the big players can surely do the math on 2400, right? #EtherTook60%OfCryptoLiquidations
A recovery to 2400 could liquidate over 200 million worth of short positions. A rise to 2470 could liquidate 600 million worth. I'll leave 2470 aside for now, but the big players can surely do the math on 2400, right? #EtherTook60%OfCryptoLiquidations