#CoreWeave Sells $3.3B in Shares, Raising AI Financing Risks The retreat of capital from this wave of computing power is weighing on ETH through a decline in risk appetite. I expect a weak short-term rebound, with support near the bottom of the range under pressure. Over the past 24 hours, the price edged up 0.3%, but trading volume fell to 9.368 million. The 1-hour and 4-hour trends are both declining. The price has retreated more than 10% from its high of 2441.38, and the low of 2397.45 is in jeopardy. The funding rate is a relatively warm 0.0088%, but open interest at 587,000 shows no increase. The top-10 order book bid/ask ratio of 228.36 indicates a dominance of resting buy orders, but they are struggling to offset active selling pressure—a typical bull trap setup. Strategy: consider a small short near 2431 on a rebound, with a stop-loss at 2453 and a target of 2381. If the price breaks below 2389 on increased volume, consider following the move with a short, with a stop-loss at 2411 and a target of 2337. Keep position size below 20%, and do not chase the move before a confirmed breakdown.
——For personal views only; this is not investment advice. Wishing you successful trading.——
$ETH #CoreWeave pares its holdings by 3.3 billion; AI financing risks heat up