$ETH has three signals pointing different ways today. Here's how I read them:
1. Fund money is leaving. U.S. spot ether ETFs lost $184.6M on Monday (Farside Investors).
2. Options traders are leaning the other way. The most-traded ETH contract is the $2,600 call expiring Dec. 25, though puts still carry about an 11% skew premium over one week (CoinDesk).
3. Derivatives got hurt. ETH liquidations hit $505M in 24 hours, more than BTC's $318M (CoinGlass via Coin Edition).
The chart shows ETH about 6.8% lower over 72 hours, near $2,090.
My take: ETF selling is a slow tide, while call buying is a bet on a bounce. Both can be true until the CPI print at 13:30 UTC shows which one is louder. Watch whether ETF outflows slow before price reclaims the recent range.
Which signal do you trust more, flows or options? Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
#ETH #ETFFlows #CPI
1. Fund money is leaving. U.S. spot ether ETFs lost $184.6M on Monday (Farside Investors).
2. Options traders are leaning the other way. The most-traded ETH contract is the $2,600 call expiring Dec. 25, though puts still carry about an 11% skew premium over one week (CoinDesk).
3. Derivatives got hurt. ETH liquidations hit $505M in 24 hours, more than BTC's $318M (CoinGlass via Coin Edition).
The chart shows ETH about 6.8% lower over 72 hours, near $2,090.
My take: ETF selling is a slow tide, while call buying is a bet on a bounce. Both can be true until the CPI print at 13:30 UTC shows which one is louder. Watch whether ETF outflows slow before price reclaims the recent range.
Which signal do you trust more, flows or options? Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
#ETH #ETFFlows #CPI
