#ETH4500Next? Now, 150,000 traders decide to short ETH.
Each puts in $10 but uses 50x leverage ⚡ — meaning they control $500 each!
💰 Total short power =
150,000 × $500 = $75,000,000 in short positions!
But what does that mean for ETH’s price? 🤔
ETH’s market cap at ATH was around $587 billion.
So, $75M of short pressure is just a tiny fraction — about a $0.63 drop mathematically.#BinanceAlphaAlert $ETH
