Here’s some very bullish news for you
There are around $2.2B of short liquidations around the 3k mark for $ETH
This is an absolute record for Ethereum
Here's alpha for you
Circle's IPO ( $CRCL ) went very well, Wall Street bigwigs are stocking up
Stablecoins are a significant narrative under the current US administration
• $CRCL is a bet on stablecoins in the stock market
• $ETH is a bet on stables in the crypto market itself, since it is the main DeFi chain
And there are not that many such bets: $AAVE, $ENA, $FLUID, maybe a few more tickers come to mind
Does anyone here doubt that shorts at the 3k mark will be liquidated?
MEGA BULLISH