20x leverage on $ETH today? You're
basically dancing on a landmine. We
just watched Trend Research lose $680
million trying to defend their Aave loans
when ETH hit $1,750 last week. The
funding rates finally turned negative, which
is usually a 'bottom' signal, but with $15
billion in total leverage already wiped out
this month, the liquidity is paper-thin. A 2%
wick could liquidate that 20x whale before
the 'mega bull' even starts. I'm staying spot
until we reclaim $2,200 with volume.
#ETHE #ETHBlockchain #bainacesquare