The current price is a mixed bag, with significant divergence between bulls and bears. Some institutions like Trend Research are cutting losses and reducing leverage at this price, while some whales are increasing leverage. It's a classic case of "mutual folly." For example, this whale/institution, which has been dormant for 5 years, went long on ETH in cryptocurrencies early this morning: Collateralizing 44,500 ETH ($102 million) and borrowing 70 million USDT, they bought another 30,222 ETH at $2,316. The ETH they collateralized was withdrawn from Bitfinex 5 years ago when the ETH price was $1,354. Currently, they have a profit of $42.57 million. Address: --------------------------------------------------------- This article is sponsored by @Bitget | Bitget VIP, lower fees, better benefits