Vice President Blockchain at Yuga Labs warned that Ether could decrease to $ 200 in the long bear market, a 90 % decrease from its current price.
In the publication of March 11 on X, the executive director, known as “take off”, against analysts who suggested $ 1500 as a bottom possible for the ether (Eth). Instead, he argued that the real bear market can see a significant decrease, similar to previous market courses.
“The goal of the real bear market, if we just start, will be approximately $ 200 to $ 400. This is a decrease of 80 % from here, 90 % total clouds – in line with previous bear markets.”
The CEO said that in a “comfortable” position if things go south. QUIT followers have told thinking about selling their hideout if they were uncomfortable to decrease.
source: Leave
ETH holders discuss the possible price track
The post -mixed reactions resigned from the encryption community. Some investors have agreed that ETH could decrease further, while others said that such a scenario would require a major fairy collapse.
X user He said They appointed 1800 dollars as a bottom. However, when the price reached $ 1,800, they thought if it could reach $ 1,200. ETH holder agreed to Quit predictions and said: “It might decrease well” if Bitcoin (BTCHe goes to $ 66,000.
Meanwhile, another X user did not agree to predict, saying that it would be possible only if there is a systematic collapse similar to 2018. He said This, unlike previous sessions, the ether has been adopted by institutions and has a maturity ecosystem.
They wrote: “Determining the location of both scenarios is what every smart investor should do, but to be a severe decline in the wrong time, it can be costly as it costs excessive ascension.”
Related to: 4 things should happen before Ethereum can recover 2600 dollars
ETH whales go against the threat of liquidation
QUIT feelings came when ETH whales were defended to avoid liquidation with the collapse of ether prices. On March 11, Coingecko data showed that ETH prices have risen to $ 1791, a decrease of 22 % in the past seven days.
Because of the sharp price changes, ETH whales moved millions of dollars in ETH to protect their sites from possible liquidation.
Blockchain Lookonchain Analysis Company A mark has been placed ETH whale, which is transferred 47.8 million dollars and lost $ 32 million to avoid liquidation. The whale still has more than $ 64 million in the AAVE lending protocol at a $ 1316 liquidation price.
Another investor from ETH, who has already used more than $ 5 million, started assets to reduce the liquidation price to $ 1,836. Lookonchain He said The whale balance of $ 121 million has been filtered, as the price decreased to less than 1800 dollars.
The suspected whale account also used ETHEREUM $ 56 million from ETH to avoid liquidation amid low prices. The title is deposited by more than 30,000 ETH to Sky Vault, up to the filter price of $ 1.127.14. The account was later determined to be The institution has nothing to do with.
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