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ETH Liquidation Wave: Where Should Ethereum Go Amid the Conflict
Macro Headwinds: Sudden Shift in Middle East Situation
Escalating Conflict: Iran Launches Missile Attack on Israel, Trump Issues 48-Hour Ultimatum.
Risk-Off Sentiment: This level of geopolitical risk has caused a bloodbath in risk assets, with ETH unable to escape the carnage.
Liquidation Data: In the past 1 hour, the entire network saw $233 million in long liquidations, with ETH accounting for $80.75 million.
Interpretation: This is a "targeted explosion" of high-leverage longs, with the market currently in an extremely panicked and irrational sell-off phase.
Trump changes his face faster than anyone else. Just two days ago he was considering a gradual de-escalation of the conflict with Iran, now they're fighting again, and even more intensely. The credit score of the U.S. President has been completely trashed by him in a few years. Disgusting.
$BTC $ETH #Crypto Market Volatility