$ETHFI Adding positions while the price is being hammered—the liquidation wave is seeing positions pile up, not unwind.
In the 11 p.m. hour, the price plunged from 0.569 to around 0.516, with trading volume topping 6M. Even more striking, OI climbed from about 33.94 million contracts to 36.72 million (+8%): prices stayed near the lows while positions grew heavier. By comparison, $BTC fell about 5% on the day, while ETHFI’s daily drop of over 14% was even steeper. Funding rates remain slightly positive—the longs are paying to keep betting on a rebound, so this isn’t a short-led squeeze.
In the short term, don’t treat “rising OI = guaranteed reversal” as a get-out-of-jail-free card. But this pattern of “falling harder than the broader market while positions keep growing” is more substantial than mere rhetoric.
#Uniswap推出PermissionedPools #Zcash is about to activate the NU7 upgrade
In the 11 p.m. hour, the price plunged from 0.569 to around 0.516, with trading volume topping 6M. Even more striking, OI climbed from about 33.94 million contracts to 36.72 million (+8%): prices stayed near the lows while positions grew heavier. By comparison, $BTC fell about 5% on the day, while ETHFI’s daily drop of over 14% was even steeper. Funding rates remain slightly positive—the longs are paying to keep betting on a rebound, so this isn’t a short-led squeeze.
In the short term, don’t treat “rising OI = guaranteed reversal” as a get-out-of-jail-free card. But this pattern of “falling harder than the broader market while positions keep growing” is more substantial than mere rhetoric.
#Uniswap推出PermissionedPools #Zcash is about to activate the NU7 upgrade
