Exchanges Are Holding More Ethereum Than Ever Before, Threatening ETH Price

Like Bitcoin, Ethereum has outperformed almost any other multi-billion-dollar asset over the past weeks. Since the March lows of $88, the cryptocurrency has rallied as high as $226 — a gain of over 150%. With this move, investors have become extremely bullish on the cryptocurrency, with data from Bitfinex indicating that there are over 1,619,876 long contracts on Ethereum. This is over triple what the count of long positions was at the start of 2020, […]

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Author: toutiao