Matheus Elias
@matheuselias2
Is ETH f**ed? Capitulation of ETH. 1. NUPL (Net Unrealized Profit Loss) is at capitulation, meaning high levels of unrealized losses by ETH holders. Unrealized losses are an overhang which at any moment can get locked-in when holder capitulated tired of looking at losses and not seeing an attractive risk/reward. 2. Net realized Profit/Loss: currently ETH is being sold netto loss. 3. Daily realized losses are huge, they are comparable in size with BTC which got 8,61x bigger MC. 4. Realized profits are a minimum. They are tiny, meaning holders in profits stopped dumping.
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