Forums
Talk about anything you want!
Login to get your referral link.
long $109M in ethereum… huge shorts meme… whale shifts strategy… panic-driven liquidations… rebound expected… market tensions… 📉
Fear-driven liquidations led to a significant market downturn, with Ethereum and Bitcoin facing sharp declines below key levels, triggering panic-selling and asset outflows.
The crypto market faced a violent downturn as Ethereum fell below $3,100 and Bitcoin lost $100,000, leading to widespread liquidation and fear-driven selling. Panic spread, traders reduced exposure, and assets saw outflows. Emotions often trumped fundamentals this week. Some players shifted positions strategically amid the panic, like the Anti-CZ Whale who moved from shorting Ethereum to going long, signaling renewed conviction despite market breakdown. 📉
The famous whale shifted from shorting Ethereum to going long, buying 32,802 ETH (~$109 million) and maintaining short positions in ASTER and kPEPE, signaling a belief in potential recovery. The move to long ETH amid fear suggests an expectation of rebound once liquidations subside, reinforcing ETH’s role as a commodity asset amid market tensions. 🐋
ETH is stabilizing after falling below $3,500, reacting near $3,300, a critical support area. Recent volatility and high selling volumes indicate panic-driven liquidations rather than a trend change. Recovery above the 50-day MA could signal strength, but reclaiming $3,500 is crucial for bullish control. Volume surged near $3,150, hinting at accumulation dynamics among sophisticated traders.
3
Voices
2
Replies