ETF consecutive 5-day net inflow—I’m not chasing this “good news”; instead, I’m shorting above $BTC 77800.
The logic is simple: spot is coming in, but the board hasn’t shown strength worthy of it. The current price of $BTC is 76990; over the past 24 hours it’s still -1.38%. Also, the futures-to-spot成交 ratio has reached 8.3x, and the funding rate is only +0.01%. This indicates the heat is mainly stacked in derivatives, not because spot is actively pushing the price up. This level feels more like using the ETF narrative as a top, with the rest occurring through contract-to-contract rotation below.
My order right now is: around $BTC 77800, open a 5% short; stop-loss at 78650; initial target 75200. If it directly breaks below 76240, yesterday’s low, I won’t chase—I’ll wait for a pullback and then place the short again.
I didn’t touch $ETH . It also has had 5 consecutive days of inflows, but over the past 24 hours it still closed green; current price is 2418. Structurally it’s a bit stronger than $BTC . I’ll consider shorting only if it can’t get above 2460.
The ETF inflows are real, and the weak price reaction is also real. There’s no confirmation between the news and the order book. I’m going to play the pullback first. Which side are you on? $BTC $ETH #比特币 #以太坊 #ETF #futures trading
I might be wrong too—make your own judgment.
The logic is simple: spot is coming in, but the board hasn’t shown strength worthy of it. The current price of $BTC is 76990; over the past 24 hours it’s still -1.38%. Also, the futures-to-spot成交 ratio has reached 8.3x, and the funding rate is only +0.01%. This indicates the heat is mainly stacked in derivatives, not because spot is actively pushing the price up. This level feels more like using the ETF narrative as a top, with the rest occurring through contract-to-contract rotation below.
My order right now is: around $BTC 77800, open a 5% short; stop-loss at 78650; initial target 75200. If it directly breaks below 76240, yesterday’s low, I won’t chase—I’ll wait for a pullback and then place the short again.
I didn’t touch $ETH . It also has had 5 consecutive days of inflows, but over the past 24 hours it still closed green; current price is 2418. Structurally it’s a bit stronger than $BTC . I’ll consider shorting only if it can’t get above 2460.
The ETF inflows are real, and the weak price reaction is also real. There’s no confirmation between the news and the order book. I’m going to play the pullback first. Which side are you on? $BTC $ETH #比特币 #以太坊 #ETF #futures trading
I might be wrong too—make your own judgment.