Taking the contrarian view: Data: If ETH falls below $2,021, cumulative long liquidation pressure on major CEXs will reach $866 million.
Most people see this as bearish news. What I care about more is whether some of the selling pressure has already been released. It’s not uncommon for prices to rise instead of fall once bad news hits.
$ETH 24h -0.87%, the news itself is just the starting point; how the money votes is what matters.
Most people see this as bearish news. What I care about more is whether some of the selling pressure has already been released. It’s not uncommon for prices to rise instead of fall once bad news hits.
$ETH 24h -0.87%, the news itself is just the starting point; how the money votes is what matters.