Anticipating bearish pressure during the upcoming US stock market hours, Vida—founder of BWEnews—made a strategic decision to liquidate his ETH position. Through a private channel, he shared the steps taken to liquidate the asset, which was just recently shaken up the day before. PA News reported that this decision was based on in-depth analysis of the correlation between US stock index movements and the cryptocurrency market. According to his prediction, volatility during US stock market hours could trigger a correction in the digital assets sector.
Currently, ETH is trading at $2.05K with market sentiment still fluctuating. Preemptive moves by founder-level players like Vida serve as an important signal for market watchers to monitor potential re-pricing during regional stock market hours, which could impact the entire blockchain ecosystem.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Anticipating bearish pressure during the upcoming US stock market hours, Vida—founder of BWEnews—made a strategic decision to liquidate his ETH position. Through a private channel, he shared the steps taken to liquidate the asset, which was just recently shaken up the day before. PA News reported that this decision was based on in-depth analysis of the correlation between US stock index movements and the cryptocurrency market. According to his prediction, volatility during US stock market hours could trigger a correction in the digital assets sector.
Currently, ETH is trading at $2.05K with market sentiment still fluctuating. Preemptive moves by founder-level players like Vida serve as an important signal for market watchers to monitor potential re-pricing during regional stock market hours, which could impact the entire blockchain ecosystem.