ETH liquidity is extremely poor. The main culprit today is Europe and the US. Almost every day now, they pump BTC and dump ETH. Over the past three months, most longs have been completely wiped out. A few months ago, Liang Xi already said that ETH at 4000 was basically all a bubble, and now it's been proven. Currently, exchanges and institutions have been buying up ETH inventory in large quantities, so from now on, the market will move according to their whims. Sigh, the capitalized crypto world is beyond saving. With China cracking down hard and issuing announcements about domestic institutions and capital using USDT, the crypto space is completely rotten. Even in future bull markets, ordinary people will only be able to pick up the scraps they leave behind.

ETH-4.04%
BTC-0.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)