Bears Hurt in Ethereum, But Will It Be the Bulls' Turn Now?
The aggregated liquidation levels in Ethereum behaved similarly to those of Bitcoin, as we previously shared, with levels below 60k and above 67k for BTC. However, for Ethereum, the bears were hurt when they hit the main liquidity pool as the price approached 2,700 USD. Subsequently, significant volatility occurred, which is common as large traders often close their positions by liquidating other trades to minimize risk. The rule of going Long when all Shorts are in profit and going Short when all Longs are in profit seems to work like magic. Understanding market liquidity can turn you into a successful trader!
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Alphractal
