After the drastic drop on ETH the amount of available bitcoins in lending shot up in quantity. This is connected with how many people lost who were long eth. Now price could be more normal, it isn’t over bought and not oversold. about 40% of outstanding long positions are still open, and probably close on short.
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ETH slightly lower off of a pump. My theory is ETH “maximalists” are selling ETC and pumping ETH, a big mistake IMO though understandable activity.
words of wisdom:
never sit in a room for more than a few minutes that has fresh coat of polyurethane on the floor
nearly back 100%
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Upcoming DEV CON2 for ethereum:
https://ethereumfoundation.org/devcon/
could be some more bullishness for eth, major holders could be preoccupied with the event and not selling we’ll see the effects
ETH erratic trading, the Ethereum Foundation conference is taking place starting at this day in Shanghai