Opinion: A high holding volume is a significant factor hindering the rise of Ethereum
KOL Crypto Big Hunter posted on social media that from the perspective of leverage, excessive positions are a major factor hindering Ethereum's rise. After Ethereum plummeted on February 3rd, its holdings declined slightly and continued to decrease during recent fluctuations. However, they are still too high, so Ethereum needs to further reduce leverage through fluctuating declines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: If ETH falls below $3,341, the cumulative long liquidation intensity on major CEXs will reach $1.155 billions
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MoreData: If ETH falls below $3,341, the cumulative long liquidation intensity on major CEXs will reach $1.155 billions
Data: In the past 24 hours, total liquidations across the network reached $235 million, with long positions liquidated for $95.18 million and short positions liquidated for $140 million.
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