๐ $ETH /USDT: Is a Short Squeeze Coming? Derivatives Analysis
We analyze the current situation on ether through open interest metrics and whale positioning.
๐ Key facts:
โก๏ธ Capital inflow: Open interest (OI) is growing steadily โ from $4.29B to $4.51B. The price is growing on real money, not just closing old positions.
โก๏ธ Accumulation of shorts: While the price is going up, the L/S Ratio is falling across all categories (Top Traders by accounts fell from 2.08 to 1.78). The market is actively shorting the rise.
โก๏ธ Whale positions: Large capital holds $475.7M in longs (213% relative to shorts) with an average entry price of ~$2,017.
โก๏ธ Funding: Balanced (+0.0016%), there is no overheating of longs.
โ ๏ธ Conclusion:
Price growth against the background of OI growth and L/S Ratio decline is a classic fuel mechanic for a Short Squeeze. The main magnet for the price now is the $1,980 โ $2,020 zone, where the stops of shorts and the take-losses of large long whales are located.
We analyze the current situation on ether through open interest metrics and whale positioning.
๐ Key facts:
โก๏ธ Capital inflow: Open interest (OI) is growing steadily โ from $4.29B to $4.51B. The price is growing on real money, not just closing old positions.
โก๏ธ Accumulation of shorts: While the price is going up, the L/S Ratio is falling across all categories (Top Traders by accounts fell from 2.08 to 1.78). The market is actively shorting the rise.
โก๏ธ Whale positions: Large capital holds $475.7M in longs (213% relative to shorts) with an average entry price of ~$2,017.
โก๏ธ Funding: Balanced (+0.0016%), there is no overheating of longs.
โ ๏ธ Conclusion:
Price growth against the background of OI growth and L/S Ratio decline is a classic fuel mechanic for a Short Squeeze. The main magnet for the price now is the $1,980 โ $2,020 zone, where the stops of shorts and the take-losses of large long whales are located.