$ETH I’m not chasing the news here, nor am I trying to bottom. 2435—first I’ll place a small short-term order with 3% position size; stop loss at 2488; target below 2410.
Over on Solana, the “double deflation” proposal passed via voting. The market loves to use this kind of news to fuel sentiment overflow. But today ETH spot is only -2.38%, while the options/futures volume has already hit 11.8x of the spot; the funding rate is still at +0.0032%. Prices are falling, and the longs haven’t fully let go yet—this kind of market is most likely to whipsaw and skim fees.
This trade isn’t about the big-picture direction; it’s just a short-term play on the pullback after a squeeze. If it reclaims 2488, I’ll exit immediately. $ETH #ETH
Over on Solana, the “double deflation” proposal passed via voting. The market loves to use this kind of news to fuel sentiment overflow. But today ETH spot is only -2.38%, while the options/futures volume has already hit 11.8x of the spot; the funding rate is still at +0.0032%. Prices are falling, and the longs haven’t fully let go yet—this kind of market is most likely to whipsaw and skim fees.
This trade isn’t about the big-picture direction; it’s just a short-term play on the pullback after a squeeze. If it reclaims 2488, I’ll exit immediately. $ETH #ETH