The buying power was signaled first, but the on-chain data is a bit interesting—over the past 48 hours, the net inflow from large-holder addresses is the highest in the last two weeks, and it’s not exchange addresses; it’s from cold wallets. This kind of accumulation rhythm has shown up in the past few times on the night before a key turning point.
Spot trading volume is actually average—61,562 coins, which is slightly lower than last week’s average—suggesting retail traders haven’t really stepped in yet. But futures open interest is quietly rising, while the funding rate is still negative, meaning the shorts are still absorbing the pressure. This kind of divergence structure could mean either the main players are luring shorts, or there’s simply no clear direction.
The community side is pretty quiet—no one is calling trades and no one is panicking. In times like this, it’s actually more worth watching than when emotions are running high. At $ETH , it’s stuck neither up nor down, hovering around 1885. Above 1888 is short-term resistance, below 1873 is support, and the amplitude is only 0.8%, as tight as a weaving loom.
I won’t call trades, but...
Spot trading volume is actually average—61,562 coins, which is slightly lower than last week’s average—suggesting retail traders haven’t really stepped in yet. But futures open interest is quietly rising, while the funding rate is still negative, meaning the shorts are still absorbing the pressure. This kind of divergence structure could mean either the main players are luring shorts, or there’s simply no clear direction.
The community side is pretty quiet—no one is calling trades and no one is panicking. In times like this, it’s actually more worth watching than when emotions are running high. At $ETH , it’s stuck neither up nor down, hovering around 1885. Above 1888 is short-term resistance, below 1873 is support, and the amplitude is only 0.8%, as tight as a weaving loom.
I won’t call trades, but...