$ETH fell along with the broader market, and futures open interest also declined somewhat, suggesting that leverage is actively reducing risk.
If you're considering a short-term trade, first check whether a rebound is accompanied by higher volume and whether it is relatively weaker than $BTC . Before sentiment stabilizes, keeping positions light or staying on the sidelines is usually more worthwhile than betting with a full position.
Just my personal observation; this is not investment advice.
$ETH $BTC