ETHFI falls 9.28% to $0.62 after 2.8 million token unlock
- —2.8 million tokens unlocked for key employees, decline reached 15%
- —Open interest at $115.46 million with daily futures volume of $123 million
- —Market cap at $599.46 million, 92.69% below the all-time high of $8.49
- —Key support at $0.616, resistance at $0.667
Why it matters: Token unlocks and a high leverage ratio make ETHFI vulnerable to sharp drawdowns even as the uptrend remains intact.
Source: DiarioBitcoin