Goldfish, I still said at 3 o’clock that the $ETH longs haven’t been fully unwound.
Now it’s marked at 1869.6, up only +0.4% in 24h.
The funding rate has already reached -0.00044%, and the shorts are paying.
Unwound doesn’t mean it’s time to start.
I’m betting it’s still de-leveraging; only by refuting based on funding rate flipping positive again.
#ETH结构 #perpetuals switching sides
Now it’s marked at 1869.6, up only +0.4% in 24h.
The funding rate has already reached -0.00044%, and the shorts are paying.
Unwound doesn’t mean it’s time to start.
I’m betting it’s still de-leveraging; only by refuting based on funding rate flipping positive again.
#ETH结构 #perpetuals switching sides