$ETH Now in 1907—after all, this wall has finally been pierced through. For the first time in a week, the script has been changed just a little.
But over here, the money still doesn’t line up. In the spot market, there are no good candles: twelve-hour delivery?—for the three-hour batch, there are twelve posts/columns and not a single one is positive. Big orders are also being pulled out. Passive sell orders are pressing down while buy orders are being matched and driven back.
I just touched 1915 but didn’t have the momentum, so it retreated back to 1907.
Outside, though, they’re blowing it up hard. The sentiment score is pushed up to almost eight points. People say: what big player staked more than five million ETH, ETF inflows, and the banks clearing the way. They even manage to “blow out” more than five hundred bullish posts in a day. But actual trading volume is still just that little bit—everything lively is just talk.
On the contracts side, things aren’t that bullish either. Funding is basically pinned around zero, and the basis is still negative. Big accounts have been cutting down for seven hours straight. On-chain lending has dropped a lot. Nobody wants to add leverage to step in and take the other side.
In plain terms: the price went up, but the money didn’t keep up. This kind of “no one is catching” rally—eventually it’ll grind back under the wall someday. Not at all surprising.
Chasing longs at this level has mediocre cost-effectiveness. Wait until the money comes back.
#eth $ETH
But over here, the money still doesn’t line up. In the spot market, there are no good candles: twelve-hour delivery?—for the three-hour batch, there are twelve posts/columns and not a single one is positive. Big orders are also being pulled out. Passive sell orders are pressing down while buy orders are being matched and driven back.
I just touched 1915 but didn’t have the momentum, so it retreated back to 1907.
Outside, though, they’re blowing it up hard. The sentiment score is pushed up to almost eight points. People say: what big player staked more than five million ETH, ETF inflows, and the banks clearing the way. They even manage to “blow out” more than five hundred bullish posts in a day. But actual trading volume is still just that little bit—everything lively is just talk.
On the contracts side, things aren’t that bullish either. Funding is basically pinned around zero, and the basis is still negative. Big accounts have been cutting down for seven hours straight. On-chain lending has dropped a lot. Nobody wants to add leverage to step in and take the other side.
In plain terms: the price went up, but the money didn’t keep up. This kind of “no one is catching” rally—eventually it’ll grind back under the wall someday. Not at all surprising.
Chasing longs at this level has mediocre cost-effectiveness. Wait until the money comes back.
#eth $ETH