What Does Eth Short Selling Mean (Eth Bearish)
What does eth short selling mean? What does eth short selling mean? According to
What does eth short selling mean? What does eth short selling mean? According to official news from Ethereum, ETH released an updated explanatory document on January 13th regarding a contract trading strategy. The document states, “In order to give holders confidence in the protocol and enable long-term investment, it is recommended that everyone refrain from using this strategy.”
This tool also includes some other features, such as:
1. Borrowing;
2. Staking rewards mechanism (similar to a bank);
3. Stablecoin exchange services (such as USDC and DAI) that support users in obtaining liquidity by collateralizing other currencies or fiat assets;
4. Exchange/wallet services (like Coinbase custody);
5. Smart contract management;
6. Decentralized finance platform applications (such as Compound, MakerDAO, etc.).
Eth Bearish
According to reports, based on eth.money data analysis, the trading price of Ethereum (ETH) has dropped by nearly 25% in the past 24 hours. The asset has currently reached a historical high of about $7. Additionally, ETH has been in a downward trend since May.
In addition, despite recent discussions regarding the upcoming halving and stress testing of the network, the bearish sentiment towards eth remains strong. Eth/USD chart.
According to eth.money data, the current market value of ETH is $837 million. (u.today)
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