Bought a wall-thick thickness so that the current sell orders are 11 times—prices have also climbed back from 2430 all the way to 2450—yet this rebound is growing out of the wall, not being propped up by money piling in.
In just three hours, there’s only one route for spot big orders: net outflow. Across 12 K-lines, not a single one closed red. Big capital is buying at this wall to unload.
OI shrank by 3.95% in a day, slipping into bear_capitulation; the basis is still negative. On the futures side, active selling volume is pressing down on buying volume—bulls have no ability to chase price.
On-chain, it’s even more blunt: borrowings surged 78.86% within 12 hours, but the debt growth rate has already turned negative—this is deleveraging, not leveraging up. Whales are still holding down 62.5% of long positions. Globally, 72% of accounts are bullish. Everyone is crowded at the bow, while the ship is leaking.
So don’t be fooled by the thick wall—it often serves as a sedan chair for large orders that are withdrawing. If you short from here: 7-day performance is down 2.65%; the daily and four-hour charts are both pointing downward. Any rebound is an ideal short entry.
As for a reversal, I only take it seriously in terms of plain gold and silver: three-hour net inflow turns positive, OI stops falling and rebounds, and volume breaks above 2457—I’ll flip immediately. Before that, liquidations below 2403 can be next at any moment. #eth $ETH
In just three hours, there’s only one route for spot big orders: net outflow. Across 12 K-lines, not a single one closed red. Big capital is buying at this wall to unload.
OI shrank by 3.95% in a day, slipping into bear_capitulation; the basis is still negative. On the futures side, active selling volume is pressing down on buying volume—bulls have no ability to chase price.
On-chain, it’s even more blunt: borrowings surged 78.86% within 12 hours, but the debt growth rate has already turned negative—this is deleveraging, not leveraging up. Whales are still holding down 62.5% of long positions. Globally, 72% of accounts are bullish. Everyone is crowded at the bow, while the ship is leaking.
So don’t be fooled by the thick wall—it often serves as a sedan chair for large orders that are withdrawing. If you short from here: 7-day performance is down 2.65%; the daily and four-hour charts are both pointing downward. Any rebound is an ideal short entry.
As for a reversal, I only take it seriously in terms of plain gold and silver: three-hour net inflow turns positive, OI stops falling and rebounds, and volume breaks above 2457—I’ll flip immediately. Before that, liquidations below 2403 can be next at any moment. #eth $ETH
