Mechanism Capital Co-Founder: ETH leverage rises back to levels seen during ETF speculation, may put pressure on ETH
On October 10th, Mechanism Capital co-founder Andrew Kang posted on the X platform, “With ETH leverage back up to the levels seen during the ETF speculation, is there a good reason why this phenomenon is being driven by undirected long positions? If not, then this will put pressure on ETH.
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A wallet address sold 1.44 million TRX via SunSwap in exchange for 460,000 USDT.
Data: Whales have cumulatively withdrawn approximately 13.4 million USDT from a certain exchange.
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