A friend just asked me: “A whale’s 56,700 ETH long position was liquidated, resulting in a $44.78 million loss”—is that good news or bad news?
Here’s what I said: It’s bearish in terms of direction, but bearish news ≠ a continued decline. Once sentiment has run its course, a turnaround often becomes more likely.
$ETH What do you all think?
#ETH
Here’s what I said: It’s bearish in terms of direction, but bearish news ≠ a continued decline. Once sentiment has run its course, a turnaround often becomes more likely.
$ETH What do you all think?
#ETH
