Is $ETH cheap now? Let me start with an even more unsettling answer.
Its 20-day range is 2003.5 to 2449.9, and it’s sitting at the 9.2nd percentile.
It’s less than two points from the bottom.
I’ve been going through the positions all morning.
Honestly, I thought someone would be cutting their position at a level like this.
But the contract count only rose 0.62% in a day, and the notional value was up just 0.22%.
The price drifted down from 2,103 to 2,044, yet the number of contracts barely moved. No one got liquidated and forced out—that’s the part that really stings.
Long accounts make up 76.5%, with an account ratio of 3.26.
The funding rate is still at +0.0039%; it won’t give up even a penny.
It’s like a warehouse piled high with goods, but only two people coming and going.
The chips haven’t changed hands, so the position remains stuck in that same spot.
I can’t find any incremental buying support in the order book. The market is just left out in the open, with nobody stepping in to catch it.
Over the same period, $BTC fell 0.3%, $SOL fell 0.2%, and this one fell 0.4%.
I’m just keeping an eye on it.
Not buying.
Are any of you still holding a position in it? Let’s talk in the comments.
#以太坊 #比特币 #Cryptocurrency
The above is a record of my personal trading system and data observations. It does not constitute investment advice.
Its 20-day range is 2003.5 to 2449.9, and it’s sitting at the 9.2nd percentile.
It’s less than two points from the bottom.
I’ve been going through the positions all morning.
Honestly, I thought someone would be cutting their position at a level like this.
But the contract count only rose 0.62% in a day, and the notional value was up just 0.22%.
The price drifted down from 2,103 to 2,044, yet the number of contracts barely moved. No one got liquidated and forced out—that’s the part that really stings.
Long accounts make up 76.5%, with an account ratio of 3.26.
The funding rate is still at +0.0039%; it won’t give up even a penny.
It’s like a warehouse piled high with goods, but only two people coming and going.
The chips haven’t changed hands, so the position remains stuck in that same spot.
I can’t find any incremental buying support in the order book. The market is just left out in the open, with nobody stepping in to catch it.
Over the same period, $BTC fell 0.3%, $SOL fell 0.2%, and this one fell 0.4%.
I’m just keeping an eye on it.
Not buying.
Are any of you still holding a position in it? Let’s talk in the comments.
#以太坊 #比特币 #Cryptocurrency
The above is a record of my personal trading system and data observations. It does not constitute investment advice.
