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$BTC vs $ETH
After yesterday's massive Binance hack, I'm not surprised traders are getting nervous.
BTC shorts are heavily positioned, but neither side looks particularly comfortable right now.
ETH looks weaker to me. Shorts are already back in profit while longs are taking a beating.
We're seeing some buying on both, but I wouldn't mistake that for a recovery just yet.
I'd be careful chasing either direction until the market digests this mess.
