🚨 466K $ETH moved into whale wallets recently ,
• This was the second largest accumulation inflow this cycle
• Currently its down 7% this week
• Whereas stablecoin supply is at record highs,
But there's a problem, the leverage ratio just hits an all-time high
When leverage is this high, even a small price drop forces liquidations
Those liquidations create more selling. That selling triggers more liquidations
So if ETH loses $1.9K, the drop won't be slow.
ETH
1,990.83
-1.43%