𝗘𝘁𝗵𝗲𝗿 𝗳𝗲𝗹𝗹 𝘁𝘄𝗶𝗰𝗲 𝗮𝘀 𝗵𝗮𝗿𝗱 𝗮𝘀 𝗯𝗶𝘁𝗰𝗼𝗶𝗻. 𝗟𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝘀𝗵𝗼𝘄 𝘄𝗵𝘆.
$ETH is down about 5.6% in 24 hours to near $2,360. $BTC lost about 2.9% to near $80,900.
Ether futures saw roughly $286M liquidated vs $197M for bitcoin, per CoinGlass data cited by CoinDesk, even though ETH's futures market is much smaller: about $30B open interest vs $52B.
ETH/BTC slipped to about 0.029, close to its lowest level since July.
Hotter CPI, an 8% drop in the Kospi and U.S. PPI due later today are keeping risk appetite thin.
Capitulation, or just the higher-beta trade unwinding?
NFA.
#ETH #MarketUpdate #CPI
$ETH is down about 5.6% in 24 hours to near $2,360. $BTC lost about 2.9% to near $80,900.
Ether futures saw roughly $286M liquidated vs $197M for bitcoin, per CoinGlass data cited by CoinDesk, even though ETH's futures market is much smaller: about $30B open interest vs $52B.
ETH/BTC slipped to about 0.029, close to its lowest level since July.
Hotter CPI, an 8% drop in the Kospi and U.S. PPI due later today are keeping risk appetite thin.
Capitulation, or just the higher-beta trade unwinding?
NFA.
#ETH #MarketUpdate #CPI