Let’s Take a Look at the Games Being Played on $ETH !
It’s been a while since we’ve done a detailed analysis of the #Ethereum liquidation map. Today is the day. The first thing we notice when we look at it is that the bubble liquidation map has changed.
This map may look complicated at first glance, but the logic behind it is exactly the same as before. The bigger the bubble you see, the more attention you need to pay to it. As these bubbles grow, it means there’s more money and more people involved in that area.
It appears that today’s small rally has cleared out the remaining liquidations at the lower end of the market. There’s still some liquidation up above, but these are truly massive liquidations in those areas. We could see massive chain-reaction liquidations triggered by positions opening up in areas you don’t currently see.
So, what’s in store for us? As I mentioned in my Bitcoin analysis just a moment ago, I’m still expecting an uptrend in the short term. DYOR!
It’s been a while since we’ve done a detailed analysis of the #Ethereum liquidation map. Today is the day. The first thing we notice when we look at it is that the bubble liquidation map has changed.
This map may look complicated at first glance, but the logic behind it is exactly the same as before. The bigger the bubble you see, the more attention you need to pay to it. As these bubbles grow, it means there’s more money and more people involved in that area.
It appears that today’s small rally has cleared out the remaining liquidations at the lower end of the market. There’s still some liquidation up above, but these are truly massive liquidations in those areas. We could see massive chain-reaction liquidations triggered by positions opening up in areas you don’t currently see.
So, what’s in store for us? As I mentioned in my Bitcoin analysis just a moment ago, I’m still expecting an uptrend in the short term. DYOR!