CRV
After a brief rebound, bears strengthened again. 10 days ago, we mentioned that CRV faced a large amount of liquidation after the price fell because Curve founder Michael Egorov used a large amount of CRV as collateral for borrowing. After the partial liquidation was triggered, some traders began to buy CRV at the bottom, but the candlestick chart showed that the recovery after the liquidation was slow. The Curve community hopes that Michael will completely lose his collateral position. (Skirt to see the top)
Currently, Michael still has a $3 million position in UwU with a health rate of 1.25. Liquidation will be triggered when the price approaches 0.25. Two days ago, the TSB indicator issued a sell signal, which means that CRV will fall again. Combining the above information, there is a high profit and loss ratio to open a short position at this price.
