Don't rush to applaud the trending searches—the chatter says Ethereum rose twelve points in a week, while the futures ledger was nearly flat this week and gave back nearly nine points of that intraweek spike.
$ETH: nearly flat in a day / about −1.2% for the week, current price around 2238. Intraweek high around 2451, giving back about −8.7%. Account long/short ratio around 3.33 (about 77% long), funding rate around +0.0061%/8h, OI around −1.4%. Trending searches are counting weekly gains, but price has already given back the spike—don't treat 2238 as confirmation of a weekly gain.
In the same market, $SOL was down about 5.3% for the week, with longs at around 79%, funding rate around +0.0058%/8h, and OI around +1.2%.
Trending searches say it's up for the week, while the candlesticks are giving back gains. Do you think the label is lagging, or did someone mistake a screenshot of the spike for a trend? Share a counterexample in the comments.
#EthereumUp12.4%ThisWeek
$ETH: nearly flat in a day / about −1.2% for the week, current price around 2238. Intraweek high around 2451, giving back about −8.7%. Account long/short ratio around 3.33 (about 77% long), funding rate around +0.0061%/8h, OI around −1.4%. Trending searches are counting weekly gains, but price has already given back the spike—don't treat 2238 as confirmation of a weekly gain.
In the same market, $SOL was down about 5.3% for the week, with longs at around 79%, funding rate around +0.0058%/8h, and OI around +1.2%.
Trending searches say it's up for the week, while the candlesticks are giving back gains. Do you think the label is lagging, or did someone mistake a screenshot of the spike for a trend? Share a counterexample in the comments.
#EthereumUp12.4%ThisWeek
