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The market for $ETH is nearing one of the fiercest liquidation waves in its history, and anyone rushing in to buy this dip could be setting themselves up for some serious losses! 📉🔥
$ETH
USDT
Perp
2,008.65
+1.42%
After analyzing the whale data on a macro level, the picture looks incredibly grim:
Currently, there are 456 massive whales holding short positions worth a staggering $1.26 billion, exerting near-total control over the order book, and they've already pocketed over $79 million in net profits.
On the flip side, buyers are living in a real nightmare, with 100 whales facing unrealized losses exceeding $15.5 million as they entered at high levels near $2,357. With only 13% of buy positions remaining in the profit zone while price hovers around $2,024, the risk of a massive wave of margin calls and forced liquidations is rapidly approaching.
Personally, I wouldn't dare bet against the smart money that's currently hammering the market. Instead, I'm ramping up my short positions in preparation to capitalize on this downward wave, anticipating a surge in liquidations that could trigger a violent sell-off.
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The market for $ETH is nearing one of the fiercest liquidation waves in its history, and anyone rushing in to buy this dip could be setting themselves up for some serious losses! 📉🔥
$ETH
USDT
Perp
2,008.65
+1.42%
After analyzing the whale data on a macro level, the picture looks incredibly grim:
Currently, there are 456 massive whales holding short positions worth a staggering $1.26 billion, exerting near-total control over the order book, and they've already pocketed over $79 million in net profits.
On the flip side, buyers are living in a real nightmare, with 100 whales facing unrealized losses exceeding $15.5 million as they entered at high levels near $2,357. With only 13% of buy positions remaining in the profit zone while price hovers around $2,024, the risk of a massive wave of margin calls and forced liquidations is rapidly approaching.
Personally, I wouldn't dare bet against the smart money that's currently hammering the market. Instead, I'm ramping up my short positions in preparation to capitalize on this downward wave, anticipating a surge in liquidations that could trigger a violent sell-off.
Did you like this feature?