Remember: Ethereum spot ETF is about to be listed
At this anxious moment, please remember one big thing and one point of view.
One big thing: Ethereum spot ETF will be listed sooner or later, it's just a matter of time. As long as you can survive until that moment, you can catch up with another wave of crazy capital influx.
One point of view: Any market crash without substantial negative news is rogue.
Market analysis
At present, we have not seen any substantial negative news. At most, some analysts' bearish remarks or US interest rate cuts are delayed. However, in the past 24 hours, the entire network has exploded $318 million, of which $270 million is long orders and $48.1062 million is short orders. What is going on?
After analysis, we can only conclude that this is part of the dealer's profit-taking and deep wash. Such operation methods are not uncommon in the market, especially in the absence of major negative news.
Data analysis
According to Coinglass data on June 18, the entire network had a liquidation of $318 million in the past 24 hours, of which long orders had a liquidation of $270 million and short orders had a liquidation of $48.1062 million.
Summary
Please remember that the listing of the Ethereum spot ETF is only a matter of time, and short-term market fluctuations are normal. Any market crash without substantial negative factors is a short-term market behavior. Don't be confused by short-term fluctuations and stick to the belief of long-term investment.
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