$ETH As expected, there’s been a reversal. Are you looking to buy the dip now, or keep shorting?
Direction: Short (limit order)
Entry: 2260–2290
Take profit: 2240–2200
There are rumors that Binance was hacked, and the hackers are sitting on nearly 200,000 ETH. Everyone got spooked and started selling. On top of that, the Ethereum upgrade has been delayed again, so there’s not much to look forward to in the short term.
Whales are dumping. A large position couldn’t hold on and was liquidated, with the liquidation price around 2122. If it falls further, more positions will be liquidated. ETH holdings on exchanges are increasing, and sell orders exceed buy orders by $7.2 million. Funds are flowing out of both spot markets and ETFs. Clearly, more people are selling than buying, so don’t rush to buy the dip.#FOMC会议
Direction: Short (limit order)
Entry: 2260–2290
Take profit: 2240–2200
There are rumors that Binance was hacked, and the hackers are sitting on nearly 200,000 ETH. Everyone got spooked and started selling. On top of that, the Ethereum upgrade has been delayed again, so there’s not much to look forward to in the short term.
Whales are dumping. A large position couldn’t hold on and was liquidated, with the liquidation price around 2122. If it falls further, more positions will be liquidated. ETH holdings on exchanges are increasing, and sell orders exceed buy orders by $7.2 million. Funds are flowing out of both spot markets and ETFs. Clearly, more people are selling than buying, so don’t rush to buy the dip.#FOMC会议
