$ETH Price Plunge? Letโs Crunch the Numbers! ๐จ
Picture this โ Ethereum soars to its record peak of $4,891.70 ๐ป.
But thenโฆ the slide kicks in ๐.
Now, 150,000 traders opt to bet against ETH.
Each stakes $10 but amps it up with 50x leverage โก โ controlling $500 per trader!
๐ต Total short force =
150,000 ร $500 = $75,000,000 in bearish bets!
But how does this impact ETHโs price? ๐ค
ETHโs market cap at its peak was roughly $587 billion.
So, $75M in short pressure is a mere sliver โ about a $0.63 dip, mathematically.
๐ Estimated New Price:
$4,891.70 โ $0.63 โ $4,891.07.
Seems minor, doesnโt it? BUTโฆ real markets are far from predictable ๐.
Short squeezes, fear-driven sell-offs, whale maneuvers ๐ณ, and chain-reaction liquidations can spiral into a colossal crash โ potentially plummeting to $2,100! ๐ฅ
โ ๏ธ Takeaway: Numbers sketch the outlineโฆ but market emotions fuel the chaos!