Q: A highly leveraged whale’s 4,890 ETH long position, worth $11.74 million, was liquidated at $2,356—what impact will this have on the market?
A: It’s somewhat negative, but sentiment is often amplified. Capital flows and market structure are what really determine the direction. $ETH Current price: 2405.65. There’s no need to jump to conclusions before price holds above key levels.
A: It’s somewhat negative, but sentiment is often amplified. Capital flows and market structure are what really determine the direction. $ETH Current price: 2405.65. There’s no need to jump to conclusions before price holds above key levels.