ETH couldn’t hold $2,100 either. 🩸
It slid all the way to $2,090, down more than 6% in 24 hours, with an intraday low of $2,052.
Long positions worth $450 million were liquidated, over 90% of them longs. A $48.16 million long position on Binance was liquidated in a single trade.
Meanwhile, a whale borrowed 22 million USDT from Aave and bought the dip, picking up 10,000 ETH at $2,155.
My take: leverage needs to be flushed out before whales can catch the dip. Stay bearish until $2,000.
$ETH
It slid all the way to $2,090, down more than 6% in 24 hours, with an intraday low of $2,052.
Long positions worth $450 million were liquidated, over 90% of them longs. A $48.16 million long position on Binance was liquidated in a single trade.
Meanwhile, a whale borrowed 22 million USDT from Aave and bought the dip, picking up 10,000 ETH at $2,155.
My take: leverage needs to be flushed out before whales can catch the dip. Stay bearish until $2,000.
$ETH
