The smart-money long positions of $ETH are withdrawing in an orderly manner. Three days ago, there were 1,999 smart-money longs; now only 1,732 remain—a decrease of 267, with the average daily exit nearly 90 people. Long positions have fallen from 1.44 billion to 1.18 billion, and over 80 million USDT in liquidity is being withdrawn every day. The profit ratio of the remaining longs has also dropped from 77% to 62%. This type of paced exit is not emotion-driven selling by retail traders, but large capital deliberately trimming positions at elevated levels. As longs withdraw in batches and sell pressure increases, the short-term outlook remains mildly bearish. Hold the shorts steadily, but don’t forget to set stop-losses. #ETH #BTC