$ETH down, target 2100. Above 2255 I'm wrong.
I called $ETH down to 2240 yesterday. It ran to 2378.69 first, then flushed to 2172.85. My bracket got tagged both sides, but the tape changed more than I did: open interest dropped from 5.41B to 5.18B, 76.48% of accounts are still long, and funding flipped to -0.0031% per 8h. Crowded longs in a shrinking book is unfinished business.
Which comes first, 2100 or 2255?
I called $ETH down to 2240 yesterday. It ran to 2378.69 first, then flushed to 2172.85. My bracket got tagged both sides, but the tape changed more than I did: open interest dropped from 5.41B to 5.18B, 76.48% of accounts are still long, and funding flipped to -0.0031% per 8h. Crowded longs in a shrinking book is unfinished business.
Which comes first, 2100 or 2255?
