Compare projects in the same sector to see whether this is an isolated move or part of a sector rotation.
Take this item here: ETH fell below $2,307, with long liquidation intensity reaching $992 million; $ETH was up 7.3% intraday, with trading volume of 803 million.
The overall picture looks somewhat negative, but to tell whether this was already priced in, we need to compare it with earlier prices.
Just my personal take, and it may not be accurate. Please assess it rationally.
Take this item here: ETH fell below $2,307, with long liquidation intensity reaching $992 million; $ETH was up 7.3% intraday, with trading volume of 803 million.
The overall picture looks somewhat negative, but to tell whether this was already priced in, we need to compare it with earlier prices.
Just my personal take, and it may not be accurate. Please assess it rationally.
