In the past 24 hours, traders have been increasing their short positions on ETH
Media reports that in the past 24 hours, traders have been increasing their short positions on ETH. Meanwhile, Grayscale Investments has withdrawn its application for an Ethereum futures ETF. Data shows that Ethereum is currently hovering around a key support level of $3,010, falling by 1.85% within the last 24 hours. The liquidation chart indicates that traders believe prices will fall in the short term; if prices rise by 3%, $345 million worth of short positions will be liquidated. If it falls by 3% to $2,920, long positions worth $237 million will be liquidated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US Dollar Index fell by 0.02%, closing at 99.589.
Analyst: US government shutdown may prompt the Federal Reserve to cut rates in December
Short-selling firm Kynikos closes out Strategy hedge trade