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🔥Santiment: The market generally views the recent rally as a bull trap, and the bullish momentum may continue
Cryptocurrency market research firm Santiment said in a social media post that, along with the market rise, retail small investors are selling Ethereum in large quantities. Only in the past two days, wallets holding 0.01 ETH or less have decreased by 1,791 ETH (worth $4.16 million). The public believes that this 17% increase since March 29 is a bull trap, which in turn increases the likelihood that this bullish momentum will persist.
According to Coinglass data, in the past 24 hours, RAVE trading liquidations totaled $30.6 million, second only to BTC and ETH. Among them, long positions were liquidated for $6.93 million, and short positions were liquidated for $23.67 million…
#eth #btc #hype #usdc