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【Megathread on #ShanghaiUnlock & 🌈 LSDs】
⭐ Why $ETH won't dump
⭐ Why rotate from #alts
⭐ Why long $YFI and $GEAR ⚙️
⭐ Why $ETH won't dump
⭐ Why rotate from #alts
⭐ Why long $YFI and $GEAR ⚙️
1/ The knee-jerk reaction to the Shanghai Unlock schedule for March 2023 is of course: “Oh withdrawals! Eth will dump!” Indeed, A lot of reports seem to err on the side of downward price action for ETH.
2/ I don't see any solid reason for the selling pressure on ETH other than the expectation of selling. There are many reasons why ETH is unlikely to experience a severe drop, and even if it does, it won't be as significant.
