Leverage has been flushed out once:
$ETH in long positions liquidated, worth $1.29 million; down 1.03% in 24 hours.
After consecutive liquidations of long positions, there should be less long-side leverage in the market. The market may stabilize once selling pressure is exhausted.
What do you think?
#ETH
$ETH in long positions liquidated, worth $1.29 million; down 1.03% in 24 hours.
After consecutive liquidations of long positions, there should be less long-side leverage in the market. The market may stabilize once selling pressure is exhausted.
What do you think?
#ETH
