Breaking it down from a capital perspective: Wanye West continues to increase his long position in ETH. He currently has 22,500 ETH collateralized and has borrowed $31.02 million.
When the news breaks, two things often happen in the market at the same time:
· Early entrants look for opportunities to exit
· Traders who only came in after seeing the news start buying
Whichever group has more influence determines the direction of the price. $ETH 24h trading volume: $484 million. Watch for any unusual spike in turnover.
#ETH
This is not financial advice. Make your own decisions.
When the news breaks, two things often happen in the market at the same time:
· Early entrants look for opportunities to exit
· Traders who only came in after seeing the news start buying
Whichever group has more influence determines the direction of the price. $ETH 24h trading volume: $484 million. Watch for any unusual spike in turnover.
#ETH
This is not financial advice. Make your own decisions.