Saturday at 4 a.m.—someone in the restaking sector racked up about a 9% gain in a day, while the futures long-share went from around 54% to just under half, tilting bearish.
$ETHFI : about 0.535→0.583 in a day (around +9%), about −5.5% over a week; account long/short ratio about 1.17→0.93 (longs fell from around 54% to 48%); funding rate about +0.005%/8h; OI up about 1.2%. Price is surging, positioning is short, and barely any money has come in—don’t take 0.58 as confirmation that the restaking narrative is recovering.
Meanwhile, $ETH is down about 1.3% on the day, with a long/short ratio around 3.5 (roughly 70–80% long), and positioning is still firmly on the long side.
Do you think this is a fake green move after shorts got squeezed, or is restaking seeing genuine independent buying? Drop a counterexample in the comments.
#midnovembermarket
$ETHFI : about 0.535→0.583 in a day (around +9%), about −5.5% over a week; account long/short ratio about 1.17→0.93 (longs fell from around 54% to 48%); funding rate about +0.005%/8h; OI up about 1.2%. Price is surging, positioning is short, and barely any money has come in—don’t take 0.58 as confirmation that the restaking narrative is recovering.
Meanwhile, $ETH is down about 1.3% on the day, with a long/short ratio around 3.5 (roughly 70–80% long), and positioning is still firmly on the long side.
Do you think this is a fake green move after shorts got squeezed, or is restaking seeing genuine independent buying? Drop a counterexample in the comments.
#midnovembermarket
