Square
Following
Hot
News
Notifications
Profile

FoolNo.6

vip
No content yet
Peak Tier VIP 50.1 Year(s)
0
Following
0
Followers
Reasons to short $ETH
1: The macro environment remains under pressure
2: CVD shows that the current pullback is not driven by long-term capital; it is driven more by shorts taking profits and long positions in futures contracts. Spot CVD is still showing outflows. But this has created conditions for market makers to trigger a short squeeze and lure in longs
3: Other combined factors, such as continued steady outflows from spot ETFs and a very deep buildup of underwater long positions in BTC, among others
post-image
ETH-1.23%
$ETH Short at 2130, add at 2175, stop-loss at 2195, target 1980
ETH-1.23%
According to the latest Glassnode data, public keys for about 35.4% of the Bitcoin supply (7.12 million $BTC ) are visible on-chain, making it potentially vulnerable to future quantum-computer attacks. Address reuse accounts for 25.8%, and exchanges for 11.6%.

Even though I've been shorting lately, seriously, cut it out
Give crypto a chance to survive
BTC-0.65%
#美伊局势 For bulls, the news they most want to see right now would be a truly effective agreement between the US and Iran
But the probability of tensions escalating is clearly much higher than that of reaching an effective agreement
And the biggest tail risk is
Escalating US-Iran tensions + Houthi strikes on the Bab el-Mandeb Strait
For crypto assets, don’t harbor any illusions about the “digital gold” safe-haven narrative:
In the short term, they will face cascading leveraged liquidations as risk appetite plunges;
In the medium term, they will endure a slow decline as liquidity continues to be
Figure 3: The stop loss was set too tight and got swept, then the second take-profit was hit perfectly
‍$BTC Spot ETFs saw outflows in 4 of the past 5 weeks
‍$ETH Spot ETFs have now seen outflows for 6 consecutive weeks
But capital flight is an effect, and the data is lagging
There are many reasons why the crypto market as a whole is under pressure
In the next few posts, we'll break down one by one the reasons crypto will remain under pressure in the medium term
BTC-0.65%
ETH-1.23%
#美国10月CPI即将公布
Even if this CPI comes in weak, it cannot be taken as a trend reversal signal
Crypto remains broadly under pressure; beware of bull traps
$ETH Short positions can be opened at 2190-2250, targeting 1980

‍
ETH-1.23%
Load More