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I really don't understand. First, ETH has fallen less than BTC these past few days, which is very unusual. Second, ETH could easily liquidate Hua Zi with a slight drop, but it's always dragging its feet, giving Hua Zi ample time to sell ETH and convert to USDT to reduce leverage. Is it just to enjoy the hunting process a little longer?
Or is it simply that the price drop has become so attractive that some whale are buy the dips and establishing positions?
Is the price unable to fall further due to a severe imbalance between long and short positions?
Or is this a carefully orchestrated scheme? To collude with Wall Street to accumulate chips? Every delay forces the wavering to surrender their bloodied chips.
The liquidity game that emerges in the market under extreme conditions is truly fascinating!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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