ETH’s near-term sell wall is thicker: sell orders on Binance perpetuals total $59.4484 million, $2.6832 million more than buy orders.
My takeaway: This kind of development won’t reverse the direction immediately, but it’s one piece of the puzzle.
This reminds me of a similar piece of news from before, when price action didn’t go the way everyone expected.
$ETH Intraday -1.08%