Anticipating bearish pressure during the upcoming US stock market hours, Vida—founder of BWEnews—made a strategic decision to liquidate his ETH position. Through a private channel, he shared the steps taken to liquidate the asset, which was just recently shaken up the day before. PA News reported that this decision was based on in-depth analysis of the correlation between US stock index movements and the cryptocurrency market. According to his prediction, volatility during US stock market hours could trigger a correction in the digital assets sector.



Currently, ETH is trading at $2.05K with market sentiment still fluctuating. Preemptive moves by founder-level players like Vida serve as an important signal for market watchers to monitor potential re-pricing during regional stock market hours, which could impact the entire blockchain ecosystem.
ETH2,18%
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