Darkfost estimates that Ethereum’s market capitalization has shrunk by $54 billion in three weeks. As prices fell, some traders were liquidated while others sold voluntarily.
Most long positions were wiped out by liquidations and stop-losses. High leverage has largely been flushed out, and bears have little fresh selling pressure left. This downswing, $ETH , is probably close to bottoming here.
Most long positions were wiped out by liquidations and stop-losses. High leverage has largely been flushed out, and bears have little fresh selling pressure left. This downswing, $ETH , is probably close to bottoming here.