watch
Ethereum Market Turbulence Expected Due to Large Unlocking
Attention! Approximately 650,000 ETH, worth around $2.4 billion, are set to flood the market soon. A large-scale unlocking of ETH is approaching, following last week's surge in withdrawal requests, with over 650,000 ETH scheduled to be released within the next seven days. Where will these coins go? Most likely, they will be placed on exchange orders, potentially triggering significant price swings. Simultaneously, long positions on ETH are being liquidated—accounting for 20% of all liquidations in the past 24 hours. Prepare for turbulence in the market!
Source available for registered users Sign Up Free
AI Analysis
The upcoming release of approximately 650,000 ETH represents a substantial increase in market supply, which can exert downward pressure on ETH prices. Historically, large unlock events often lead to i...
AI Recommendation
Traders and investors should approach the upcoming event with caution. It is advisable to keep positions light or hedge against potential downturns. Monitoring order book activity and price movements ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
strong buy
strong buy
strong buy
strong buy