Key Takeaways
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Ethereum just saw a 2% dip and heavy liquidations, yet Open Interest and ETF inflows suggest strong underlying conviction. BlackRock alone added 50,970 ETH as capital quietly rotates from Bitcoin.
Ethereum [ETH] just took a 2% hit and got rejected hard at a key resistance level, and suddenly $3,000 is looking more like a local top than a launchpad.
In fact, that drop wiped out $82.28 million in longs, nearly 80% of the day’s liquidations. And there’s still $47 million hanging by a thread, ready to go with even a minor dip.
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