🚀 $ETH LIQUIDITY SINKING, BUT WHALE SURGE AHEAD? 🦈
Open interest on $ETH plunged 35.8% across major exchanges since late September, wiping out roughly $3.1 bn of derivative exposure. The drop wasn’t uniform – one platform saw a 51.6% plunge while another barely dipped 16.4%, signaling a selective liquidity vacuum. 📊🦈
On Nov 2, Tether burned $4 bn of USDT on Ethereum – the biggest burn since July’s $5 bn operation that preceded a 57% ETH surge. That burn could be genuine redemptions or a treasury shuffle, but history hints a potential upside swing. ⚡💡📈
💬 Do you see the next ETH rally brewing or is the sell‑off still in control? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #LiquiditySweep #WhalePlay #Crypto
🔥 🚀
Open interest on $ETH plunged 35.8% across major exchanges since late September, wiping out roughly $3.1 bn of derivative exposure. The drop wasn’t uniform – one platform saw a 51.6% plunge while another barely dipped 16.4%, signaling a selective liquidity vacuum. 📊🦈
On Nov 2, Tether burned $4 bn of USDT on Ethereum – the biggest burn since July’s $5 bn operation that preceded a 57% ETH surge. That burn could be genuine redemptions or a treasury shuffle, but history hints a potential upside swing. ⚡💡📈
💬 Do you see the next ETH rally brewing or is the sell‑off still in control? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #LiquiditySweep #WhalePlay #Crypto
🔥 🚀