Ethereum Plunges, Raising $24 Million Liquidation Concerns

Ethereum's plunge to $3,500 has raised concerns of a potential $24 million liquidation, leading to substantial long liquidations. Amidst the market volatility, Borroe Finance ($ROE) has garnered significant interest in its fifth stage presale, with over 60% of its tokens sold.

Ethereum Price Plunges: Liquidation Concerns Loom

Hey, heads up on Ethereum. It's taken a nosedive to $3,500, raising eyebrows about a potential $24 million liquidation if it keeps sliding. This drop has triggered a wave of long liquidations, with traders unloading leveraged positions worth a whopping 40 million ETH.

Defi Shakeup: Ethereum Liquidations Hit Hard

The DeFi space is feeling the heat from the Ethereum liquidation spree. Over the past day, more than $5.4 million in collaterals have been liquidated, with Ethereum taking a big chunk of that. As a result, Ethereum has plummeted from its $4,100 peak last month.

$24 Million Liquidation Risk: Will ETH Fall Further?

Data from Parsec suggests that DeFi has seen $4.16 million in liquidations from positions collateralized by Ethereum. And if ETH drops below $3,008, the liquidation could balloon to a whopping $24 million.

Short Traders Cash In: Ethereum Down 20%

As Ethereum has dived from $4,000 to $3,200, short traders have jumped at the chance to close their positions and book profits. This 20% retracement has made Ethereum the second-biggest loser after Dogecoin (DOGE) since the Dencun upgrade debacle on March 3.

Bulls Regroup: Ethereum Price May Find Support

Despite the recent drop, ETH investors remain optimistic, holding and hedging their positions in anticipation of a recovery. Key market signals indicate that Ethereum may avoid further declines in the coming days, as bulls aim to regroup around the $3,200 support level and pave the way for a rebound.

Borroe Finance ($ROE) Presale: AI-Powered Funding

Shifting gears to a bright spot in the market, Borroe Finance ($ROE) is making waves with its innovative Web3 funding solutions. This AI-powered project on the Polygon blockchain allows businesses to raise capital by converting future invoices into tradable NFTs.

NFT Marketplace: Creators Access Funding

Borroe Finance's NFT Marketplace is a game-changer for creators, providing them with funding based on their recurring earnings. Companies can tokenize their royalties and subscriptions into NFTs and sell them to investors at a discount compared to traditional platforms.

Presale Success: $3.3 Million Raised

The $ROE altcoin presale is in full swing, with the asset selling for 0.02. The project has already raised over $3.3 million and attracted numerous investors, thanks to its unique AI-based funding model.

Deflationary Asset: HODL for Value

$ROE is a deflationary asset designed for scarcity and long-term value appreciation, making it a compelling choice for HODLing. With seasoned veterans Maxim Prishchepo and Michael Price at the helm, Borroe Finance is poised for success, having proven its innovation and leadership in the decentralized financial world.

Presale Progress: Fifth Stage

Borroe Finance is currently in the fifth stage of its $ROE governance token presale, having raised close to $3.5 million so far. The project's smart contract address is publicly available for transparency.

Learn More About Borroe Finance ($ROE)

To dive deeper into the world of Borroe Finance ($ROE), check out these resources:

• [Borroe Finance Presale](https://borroefinance.io/presale)
• [Telegram Group](https://t.me/borroefinance)
• [Twitter](https://twitter.com/BorroeFinance)