Ethereum Just Tanked to 2-Month Low as Wintermute Keeps Shorting ETH
Almost $270 million worth of ETH longs were wrecked in the past 24 hours.
AI summary
Ethereum has dropped to a two-month low, with market maker Wintermute reportedly maintaining short positions in ETH. Nearly $270 million in ETH long positions were liquidated over the past 24 hours, amplifying downward pressure. Traders should watch for further cascading liquidations and Wintermute's positioning as a signal of near-term sentiment.
