76.6% of ETH futures accounts on Binance are LONG right now 👀
And yet price keeps slipping. Here's the snapshot (Oct 7, ~10:00 MSK):
• $ETH ~$2,617 (-2.9% 24h) → 76.6% of accounts long, ratio 3.28x
• DOGE → 72.5% long (-3.8%)
• SOL → 64.9% long
• $BTC ~$84.2K → 58.4% long
The twist: funding is NEGATIVE on BTC, ETH, SOL and DOGE. Shorts are paying longs.
Translation: lots of small accounts are long, but the bigger money behind the open interest leans short. Meanwhile the Fear & Greed Index still reads 71 (Greed).
When the crowd is crowded on one side, the market usually goes hunting for their stops first.
Are you with the 76%, or fading them? 👇
#CryptoMarket #Ethereum #Bitcoin #Futures #WriteToEarn
And yet price keeps slipping. Here's the snapshot (Oct 7, ~10:00 MSK):
• $ETH ~$2,617 (-2.9% 24h) → 76.6% of accounts long, ratio 3.28x
• DOGE → 72.5% long (-3.8%)
• SOL → 64.9% long
• $BTC ~$84.2K → 58.4% long
The twist: funding is NEGATIVE on BTC, ETH, SOL and DOGE. Shorts are paying longs.
Translation: lots of small accounts are long, but the bigger money behind the open interest leans short. Meanwhile the Fear & Greed Index still reads 71 (Greed).
When the crowd is crowded on one side, the market usually goes hunting for their stops first.
Are you with the 76%, or fading them? 👇
#CryptoMarket #Ethereum #Bitcoin #Futures #WriteToEarn
