🚨 $3.06B OI on ETH: Are whales taking profits?
Big money is flowing into Ethereum ($ETH ), with Open Interest exceeding $3.06 billion, even as the price has fallen 3.3% over the past 24 hours. This points to potential liquidation pressure on squeezed long or short positions.
The slightly positive funding rate (+0.0013%/hour) shows that longs are still paying shorts. This pressure could lead to significant volatility. If it were you, would you take profits or keep holding your position?
For informational purposes only, not investment advice. DYOR.
#ETH #Ethereum
Big money is flowing into Ethereum ($ETH ), with Open Interest exceeding $3.06 billion, even as the price has fallen 3.3% over the past 24 hours. This points to potential liquidation pressure on squeezed long or short positions.
The slightly positive funding rate (+0.0013%/hour) shows that longs are still paying shorts. This pressure could lead to significant volatility. If it were you, would you take profits or keep holding your position?
For informational purposes only, not investment advice. DYOR.
#ETH #Ethereum