First, take a look at this: If ETH drops below $2,173, the cumulative liquidation intensity of long positions on major CEXs will reach $813 million.
$ETH 2289.64, 24h +0.092%, 24h volume: 378 million.
It doesn’t look good at first glance, but the extent of the impact depends on whether selling pressure continues. The simplest way to gauge this is to check whether trading volume changed significantly around the time the news was released. Share your thoughts in the comments.
#ETH
DYOR, and trade rationally.
$ETH 2289.64, 24h +0.092%, 24h volume: 378 million.
It doesn’t look good at first glance, but the extent of the impact depends on whether selling pressure continues. The simplest way to gauge this is to check whether trading volume changed significantly around the time the news was released. Share your thoughts in the comments.
#ETH
DYOR, and trade rationally.