Ethereum
Why Ethereum is down 1.0% in the last hour
Analysis
Ethereum (ETH) slipped about 1.0% over the past hour as broader large-cap crypto selling pressure hit the market alongside reports of increased short positioning. CryptoPotato reported that market maker Wintermute has been building heavy short positions, coinciding with declines across BTC, ETH, and XRP, which likely weighed on ETH in the near term.
Contributing Factors (1)
BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
Nearly $100 million in longs were wrecked in the past hour.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.