Is it true that when the tide goes out, I am the one left exposed?
After waiting all day, the market hasn't broken the 11.92 level. The US stock market opened in a selling state. In the end, someone has to pick up the tab for this feast. Yesterday's PPI shattered the dreams of many who were hoping for new highs.
Especially for ETH, which was just $76 away from a new high, less than a 2% increase, this dream was shattered. Within a day, 119 million contracts were liquidated, with long positions accounting for 74.91 million. Tonight marks the last US stock trading day of the week, and if there isn't a clear upward movement, then the weekend will likely see a downward trend, especially with retail investors in altcoins running away.
The market always needs someone to pick up the tab, but I didn't expect it would be me. $BTC $ETH