Mike Novogratz

Now, these two whale-sized accounts, bless their hearts, are inching ever closer to a liquidation that would make a banker blush. If the price of Ethereum were to drop a mere 4% more, a whopping $238 million in long positions would vanish faster than a rabbit in a magician’s hat. This alarming news was brought to our attention by the fine folks over at Lookonchain, a crypto research platform that seems to have a knack for spotting trouble.

Oh, the tragic comedy of the market! It’s like a play where the stage is set with liquidations over $450 million, and the audience, our crypto coins, have taken a 10% seat reduction in value to a mere $77.15 billion. And yet, the grand BTC still holds court at $83,000, while ETH, the court jester, playfully tumbles below the $1,900 support level. 🎭🤑

According to the crystal ball gazers at Coinbase, BTC’s price is likely to bounce around like a cat on a hot tin roof ($78k-$88k) until the tariff deadline on April 2nd. They had this to say, 

Technical soothsayers have peered into the charts and divined a shift in the winds. The RSI, that fickle indicator of market mood, has shown a bullish divergence, suggesting the bear’s dominance is waning. Could it be that DOGE will soon shake off its slumber and charge forth with renewed vigor? Only time, that trickster, will tell.