Risk of another surge of selling pressure present on market, this time it's coming from whales
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A closer examination of the charts of borrowed assets provides insights into this precarious situation: Ethereum : Observing the Ethereum chart, a noticeable downturn is evident, with a continuous decline in its price trajectory. The chart showcases the breach of several crucial support levels, indicating bearish momentum. Such a scenario can spell trouble for our investor, especially if Ethereum's value continues to plummet, exacerbating the loan-to-value ratio.LINK: The LINK chart mirrors the sentiments of Ethereum's trajectory.
Given market analysis, it is evident that the investor's move to sell WBTC may not just be a mere coincidence. The downward trajectory of major altcoins likeand LINK may have instigated a panic sell. This action, although an attempt to steer clear of impending liquidation, can also impact the market negatively, creating a ripple effect.
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