$ETHFI JUST GOT A $1.17M TRANSFER BUT THE DERIVATIVES MARKET IS BEARISH
ETHFI has been showing some interesting activity after its recent price surge.
Around 10 hours ago, Flowdesk transferred 1.897M $ETHFI worth roughly $1.17M to an address linked to Arthur Hayes.
The timing is worth watching.
While ETHFI is seeing strong spot price appreciation, Bybit funding has turned heavily negative, showing that many derivatives traders are positioning for a pullback after the recent move.
So we have an interesting split:
Spot market → bullish momentum
Derivatives market → bearish positioning
The ETHFI transfer adds another layer to the picture, especially with nearly $1.2M in ETHFI moving in a single transaction.
If $ETHFI continues holding its gains while shorts keep building, the setup could become increasingly interesting.
#ETHFI
ETHFI has been showing some interesting activity after its recent price surge.
Around 10 hours ago, Flowdesk transferred 1.897M $ETHFI worth roughly $1.17M to an address linked to Arthur Hayes.
The timing is worth watching.
While ETHFI is seeing strong spot price appreciation, Bybit funding has turned heavily negative, showing that many derivatives traders are positioning for a pullback after the recent move.
So we have an interesting split:
Spot market → bullish momentum
Derivatives market → bearish positioning
The ETHFI transfer adds another layer to the picture, especially with nearly $1.2M in ETHFI moving in a single transaction.
If $ETHFI continues holding its gains while shorts keep building, the setup could become increasingly interesting.
#ETHFI
