$ETH looks like ETH is weak like this, breaking the W M line is a piece of cake.
There are a lot of sharks liquidating at 1540 and 1300, tons of them. Millions of ETH bought and then collateralized at $AAVE , if they get liquidated, the amount of ETH dumped on the market will be devastating. It could even drop back to $800 =))
These price levels around 1.5k and 1.3k, liquidations shouldn't be too hard, right? Just drop a stick of 10%, guaranteed to wipe it clean.
Unless it scares these guys into armoring up or repaying their loans.
Honestly, liquidating at 1.5k is just the appetizer; once the domino falls, it's a chain reaction of liquidations.
$BTC
There are a lot of sharks liquidating at 1540 and 1300, tons of them. Millions of ETH bought and then collateralized at $AAVE , if they get liquidated, the amount of ETH dumped on the market will be devastating. It could even drop back to $800 =))
These price levels around 1.5k and 1.3k, liquidations shouldn't be too hard, right? Just drop a stick of 10%, guaranteed to wipe it clean.
Unless it scares these guys into armoring up or repaying their loans.
Honestly, liquidating at 1.5k is just the appetizer; once the domino falls, it's a chain reaction of liquidations.
$BTC