$5 billion in stablecoins flowed out, whales are dumping 60,000 ETH shorts
Liquidity is drying up, and the market is spooked. In the last 30 days, stablecoins have exited by $5-6 billion, and that whale pension just doubled down with another 10,000 ETH short, bringing their total position to 60,000 ETH.
Don't expect a bounce in the short term; funds are fleeing. In the medium term, it looks like most of the selling has happened, but the cash flow back in will be slow. Just hang tight, don’t make any rash moves.
Should we buy the dip now or bail out?
Liquidity is drying up, and the market is spooked. In the last 30 days, stablecoins have exited by $5-6 billion, and that whale pension just doubled down with another 10,000 ETH short, bringing their total position to 60,000 ETH.
Don't expect a bounce in the short term; funds are fleeing. In the medium term, it looks like most of the selling has happened, but the cash flow back in will be slow. Just hang tight, don’t make any rash moves.
Should we buy the dip now or bail out?