YohannaOlva
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$ETH just had its biggest long liquidation in 3+ years.
And this is actually a bullish thing.
First of all, this liquidation cascade has wiped out all the high leverage trades.
Also, panic sellers have capitulated and now strong buyers (likely institutions) will emerge.
This'll set the stage for the next leg up, sending #ETH to a new #ATH
And this is actually a bullish thing.
First of all, this liquidation cascade has wiped out all the high leverage trades.
Also, panic sellers have capitulated and now strong buyers (likely institutions) will emerge.
This'll set the stage for the next leg up, sending #ETH to a new #ATH
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ETH
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