BTCUSDT a wallet possibly linked to WorldLiberty sold 5,471 ETH($ 8.01M) at $1,465 40 minutes ago. WorldLiberty previously spent ~$ 210M to buy 67,498 ETHUSDT at an average price of $3,259, and is now sitting on a loss of ~$ 125M.
📌 On April 3rd, when ETH was trading around 1,850, I highlighted a potential buying opportunity with a target near 1,550. As of today, ETH has moved in line with that outlook and is currently trading around 1,540. If the support at 1,530 is broken, the next key support levels to watch are 1,465 and 1,177.
📊 Additionally, a new CME gap has formed between 1,755 and 1,620, which is currently acting as a resistance zone. If this gap is filled, it could potentially drive the price back toward the 1,800 level.
🚨 ALERT: A hacker stole 2,930 ETH (5.4M) from zkLend, then accidentally visited a phishing site posing as TornadoCash, losing the entire haul to another thief.
ETH - Most buyers at this point are likely trying to rescue their overleveraged positions. Unless the Fed shifts back to quantitative easing, ETH will likely continue bleeding against BTC. Anyone urging you to buy now is either looking to exit their own positions or trying to save their underwater leveraged trades.”
This is what I was talking about, where one person reinforced their position in a Long deal for Ethereum ETH , bringing the total deal to 13 million dollars. The liquidation price is at 1725.. meaning if Ethereum reaches the price of 1725, this person will lose their position. Currently, Long positions are harming the market because they are not matched by Spot buying but rather by selling. 💠 Note: This person either opened a Short position on the same currency on a different platform; or they had information that Bitcoin would bounce back from the 83 thousand area; and when they saw the heavy Spot selling, they reinforced their position.