Q: A short ETH position worth $32.72 million at a certain address was partially liquidated. How should we view this?
A: When negative news breaks, panicked traders tend to sell first. Only afterward can we see how much buying support there really is. It’s steadier to reassess when the price retests an area near support than to chase the market as soon as the news comes out.
$ETH .
For record-keeping only; not investment advice.
A: When negative news breaks, panicked traders tend to sell first. Only afterward can we see how much buying support there really is. It’s steadier to reassess when the price retests an area near support than to chase the market as soon as the news comes out.
$ETH .
For record-keeping only; not investment advice.