Many people can’t make sense of the current situation involving $ETH . Just by looking at the big players’ position-holding data, everything becomes clear.
According to the platform’s current statistics, there are 1,454 professional traders in total: 740 are long and 714 are short. The number of longs looks slightly higher, but don’t be fooled by appearances. $BTC
The average long entry price is around 2008. The current price has been steadily falling, and the overall unrealized loss is nearly $29.26 million. The proportion of profitable long positions is only 41.48%, meaning the vast majority of long positions opened at higher levels are deeply trapped. In contrast, the short average entry price is around 1882. Shorts are still holding unrealized gains, and more than half of short accounts are currently in the profit zone. $SOL
Many retail traders see that the number of longs is dominant and blindly follow the crowd to chase longs. That is exactly the scenario “the big guys” want to see. Accumulating a large number of trapped long positions is like stacking ammunition for the shorts. Once the market continues to probe lower, a chain of stop-losses will keep driving the sell-off.
At this stage, the price action keeps tugging back and forth, and the pattern of both sides getting hurt is becoming normal—single-direction trends are hard to sustain. If you’re someone who has a heavy long position at high levels, your risk is very high. Don’t rely on wishful thinking.
For short-term trading, be as conservative as possible. Don’t go all-in to bet on direction, and tighten leverage. Trading can never be based only on surface-level data. Only by reading the true profit-and-loss situation of the funds can you avoid most of the market’s traps.
According to the platform’s current statistics, there are 1,454 professional traders in total: 740 are long and 714 are short. The number of longs looks slightly higher, but don’t be fooled by appearances. $BTC
The average long entry price is around 2008. The current price has been steadily falling, and the overall unrealized loss is nearly $29.26 million. The proportion of profitable long positions is only 41.48%, meaning the vast majority of long positions opened at higher levels are deeply trapped. In contrast, the short average entry price is around 1882. Shorts are still holding unrealized gains, and more than half of short accounts are currently in the profit zone. $SOL
Many retail traders see that the number of longs is dominant and blindly follow the crowd to chase longs. That is exactly the scenario “the big guys” want to see. Accumulating a large number of trapped long positions is like stacking ammunition for the shorts. Once the market continues to probe lower, a chain of stop-losses will keep driving the sell-off.
At this stage, the price action keeps tugging back and forth, and the pattern of both sides getting hurt is becoming normal—single-direction trends are hard to sustain. If you’re someone who has a heavy long position at high levels, your risk is very high. Don’t rely on wishful thinking.
For short-term trading, be as conservative as possible. Don’t go all-in to bet on direction, and tighten leverage. Trading can never be based only on surface-level data. Only by reading the true profit-and-loss situation of the funds can you avoid most of the market’s traps.