ETH’s $4K Rejection: Selloff Chaos or Bullish Bounce? 😱
In the last day, Ethereum’s been throwing a proper tantrum with price jumps that’d make a kangaroo jealous. Coinglass reports a whopping $124.5 million in ETH positions got wiped out, hitting longs and shorts alike—fair’s fair in love and liquidations, I suppose. This chaos followed a snooze-fest of low volatility, with IntoTheBlock’s data showing ETH’s wild swings calming from a manic 53.9% down to a more sedate 47.6%. Meanwhile, the big fish—whales, if you will—have gone quiet, their transaction volumes plunging from a boastful $21.3 billion to a measly $5.9 billion in a week. It’s like they all decided to take a holiday at once. 😴