Ethereum faces macroeconomic uncertainty against a major struck unlock, which could add additional winds to the already fragile cryptocurrency market.
The second largest cryptocurrency by market capitalization has fallen by 4.5% from Tuesday from $ 4,350 to $ 4,150, which shows almost two weeks of low, Cingock data shows.
The movement is in line with The latest Bitcoin correction Up to $ 112,000.
Ethereum ETFS also noted two consecutive leaks at the end of last week and Monday, after two weeks of significant revenue, indicating that Friday slowed investors’ interest in a meeting of the Jackson Hole federal reserves and exit.
The current output of the Ethereum stock package network is 910 461 ETH, worth about $ 3.91 billion, indicating that the campuses want to pull out their chips.
Data from Validal Queue shows a 15 -day waiting period until this supply comes into force.
“The record of the record is primarily determined by profits, as many participants want to record profits when Ethereum is almost 2021. The highest-4900 USD is of all time, ”said Hashkey Capital Liquid Fund Partner, Hashkey Capital Liquid Foundation, said Xu Han, Hashkey Capital Liquid Foundation partner. Hashkey Capital Liquid Fund Partner, said Xu Han, Hashkey Capital Liquid Fund, said. Decipher;
Although the profit pursuit remains with the “dominant motive”, Han explained that “Aave borrowing indicators of recent Ethereum have previously made a popular weighing less promising.”
Sverege trading includes borrowing Ethereum to consider over the liquid token.
Ethereum Etf loses $ 197 million – even worse than Bitcoin because the institutions retreat
The recent increase in borrowing rates forced “traders to relax and repay their loans by dismantling,” Han said.
Compared to the $ 3.91 billion output offer, the new Ethereum increase is $ 258,951 in ETH or about $ 1.09 billion, much lower than withdrawal.
Exit queue “Protects against Mass Checker Output”, Ethereum Creator Preston Van Loon in a tweet Saturday: “Without it, the approvalrs were able to hurry to retreat through a detected or expected attack on Ethereum, weakening the economic security of the network when it was most needed.”
Nonetheless, as soon as you move, the supply is likely to flood into the open market.
Investors’ Reduated before Friday Jackson Hole, -Jake Ostrovsky, Wintermute Non-Exchange trader, wrote x Ad Earlier this week. This occurs after the alarming economic data set last week, including the price index of Thursday’s manufacturer.
It is likely that Jerome Powell, chairman of the US Federal Reserve, will provide clarity on a very awaited September price reduction solution.
Analysts expect “Ostrovsky, a” known unknown ” added;