At noon, it’s another battle to defend 2,400.
$ETH plunged straight through 2,400 this morning, hitting a low of 2,393. “Ethereum Falls Below 2,400 USDT” even made the trending list on the plaza. It’s now bounced back to 2,427, so for now it looks like a close call. $BTC swung between 80,809 and 82,928 all day and is currently at 81,555, down 0.5%—weak, but not breaking down. $SOL 104.8, down 0.35%.
Honestly, what makes me uneasy about this market is the funding rates: BTC is at +0.01% and ETH at +0.006%, which look neutral, but SOL’s funding rate has already turned negative. Shorts have made the first move on SOL, and that’s usually not a coincidence.
Here’s my specific take: this afternoon, keep an eye on just two levels. BTC’s morning low was 80,800. If it holds, we’ll grind sideways in a range; if it breaks below decisively, that view is invalidated, and 79,500 is the next level to watch. For ETH, watch 2,400. If it can hold above that, sentiment should stay steady. If it drops below again, this morning’s rebound was a bull trap.
The data was pulled live at noon today. BTC futures open interest is $2.49 billion and has barely moved, suggesting nobody dared to add positions during the sharp drop—everyone is just sitting tight with their existing positions.
Do you think 2,400 will hold this afternoon? Will it hold or not? Pick a side in the comments.
#以太坊跌破2400 #BTC #MiddayMarketRecap
$ETH plunged straight through 2,400 this morning, hitting a low of 2,393. “Ethereum Falls Below 2,400 USDT” even made the trending list on the plaza. It’s now bounced back to 2,427, so for now it looks like a close call. $BTC swung between 80,809 and 82,928 all day and is currently at 81,555, down 0.5%—weak, but not breaking down. $SOL 104.8, down 0.35%.
Honestly, what makes me uneasy about this market is the funding rates: BTC is at +0.01% and ETH at +0.006%, which look neutral, but SOL’s funding rate has already turned negative. Shorts have made the first move on SOL, and that’s usually not a coincidence.
Here’s my specific take: this afternoon, keep an eye on just two levels. BTC’s morning low was 80,800. If it holds, we’ll grind sideways in a range; if it breaks below decisively, that view is invalidated, and 79,500 is the next level to watch. For ETH, watch 2,400. If it can hold above that, sentiment should stay steady. If it drops below again, this morning’s rebound was a bull trap.
The data was pulled live at noon today. BTC futures open interest is $2.49 billion and has barely moved, suggesting nobody dared to add positions during the sharp drop—everyone is just sitting tight with their existing positions.
Do you think 2,400 will hold this afternoon? Will it hold or not? Pick a side in the comments.
#以太坊跌破2400 #BTC #MiddayMarketRecap