Ethereum Just Tanked to 2-Month Low as Wintermute Keeps Shorting ETH
🚨 **ETH Plummets**: Ethereum has dropped to $2,315, marking its lowest price since mid-August, amid a broader market downturn.
📉 **Market Pressures**: Factors contributing to the crash include significant declines in Asian markets, macroeconomic pressures from CPI data, and increased short positions in ETH.
💸 **Liquidation Surge**: Over $290 million in leveraged positions were liquidated in the last 24 hours, with ETH leading the losses, primarily affecting long positions.
🚨 **ETH Plummets**: Ethereum has dropped to $2,315, marking its lowest price since mid-August, amid a broader market downturn.
📉 **Market Pressures**: Factors contributing to the crash include significant declines in Asian markets, macroeconomic pressures from CPI data, and increased short positions in ETH.
💸 **Liquidation Surge**: Over $290 million in leveraged positions were liquidated in the last 24 hours, with ETH leading the losses, primarily affecting long positions.