Could this be the last wave of consolidation before the market rebounds???
The main reasons for this decline:
1. Escalating conflicts in the Middle East, leading to heightened market risk aversion and panic selling by most people.
2. Continuous net inflow of about 72,000 ETH into exchanges over four days, indicating significant selling pressure, while futures open interest surged. At the same time, a large number of long positions in ETH were liquidated, with a single day liquidation amounting to 163 million USD, accelerating the decline.
I personally feel that the market makers are deliberately using this news to induce consolidation. The long positions are too heavy and have been precisely targeted by the market makers. Brothers, I’m going to buy the dip again 🎂🎂🎂
