Vice President of Yuga Labs for Blockchain warned that the ether may drop up to $ 200 on the extended market, which is a 90% decrease in relation to the current price.
In the post of March 11 to the X director, known as “resignation”, pushed analysts who suggested USD 1,500 as a possible bottom of the ether (ETH). Instead, he implemented, argued that real bears could make ETH fall much lower, like previous market cycles.
“The real target of the bear, if we are just starting, would be ~ 200–400 USD. This is 80%, 90% of total payment – according to previous bear markets. “
The manager said he was in a “comfortable” position if everything goes south. So he told observers to consider selling their cache, if they were uncomfortable with the fall of assets.
Source: Toresign
ETH owners discuss the potential price trajectory
Post quit attracted mixed reactions of the cryptographic community. Some investors agreed that ETH could go further while others stated that such a scenario would require a grave system breakdown.
One user x he said They set $ 1800 to the bottom. However, when the price reached USD 1800, they wondered if he could go to USD 1200. The ETH owner agreed with the QUIT forecast and said: “It could significantly lower” if Bitcoin (BTC) reaches USD 66,000.
Meanwhile, another user X did not agree with the forecast, saying that it would only be possible if there was a systemic collapse similar to 2018. he said This, unlike previous cycles, was accepted by institutions and has a maturing ecosystem.
“Positioning both scenarios is what every intelligent investor should do, but being too bear at the wrong time can cost the same as being too stubborn,” they wrote.
Related: 4 things must happen before Ethereum manages to recover $ 2600
ETH whales fight against the liquidation threat
F3 sentiments appeared when ETH whales tried to avoid liquidation as the ether prices collapsed. On March 11, Coingecko data showed that ETH prices have increased at a low level of USD 1,791 at a 22% decline in the last seven days.
Due to the piercing changes in the price of the ETH whales, they moved millions of dollars in ETH to protect their positions against potential liquidation.
Analytics Blockchain Lookonchain tiled Eth Whale drops $ 47.8 million and a loss of $ 32 million to avoid liquidation. The whale still has over $ 64 million in the AAVE loan report with a liquidation price of $ 1,36.
Another ETH investor who has already used over $ 5 million asset to reduce the liquidation price to USD 1,836. Lookonchain he said A whale balance with a value of $ 121 million was liquidated because the price dropped below USD 1800.
A whale account suspected of linking to the Ethereum Foundation also used $ 56 million in ETH to avoid liquidation due to the decrease in price. The address was deposited by over 30,000 ETH to Sky Vault, increasing the liquidation price to USD 1.127.14. The account was later defined as unrelated to the foundation.
https://www.youtube.com/watch?v=fwo0HW_94A4
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