【$ETH Signal】Empty position + decline accompanied by abnormal trading volume
$ETH Price drops -4.78%, but open interest (OI) reaches $1.97 billion. Market logic suggests that the combination of open interest and price movement should be used to determine whether it's a long liquidation or main force distribution. The current chart shows weak price action (PA), and a decline under high open interest usually indicates forced liquidation or selling pressure from major players, not a healthy correction. Risks should be avoided until clear signals appear. 🎯 Direction: Empty position (NoPosition) Trade here 👇 $ETH --- Follow me: Get more real-time analysis and insights on the crypto market! #Gate广场创作者新春激励 #WhenWillBTCRebound?
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【$ETH Signal】Empty position + decline accompanied by abnormal trading volume
$ETH Price drops -4.78%, but open interest (OI) reaches $1.97 billion. Market logic suggests that the combination of open interest and price movement should be used to determine whether it's a long liquidation or main force distribution. The current chart shows weak price action (PA), and a decline under high open interest usually indicates forced liquidation or selling pressure from major players, not a healthy correction. Risks should be avoided until clear signals appear.
🎯 Direction: Empty position (NoPosition)
Trade here 👇 $ETH
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Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励
#WhenWillBTCRebound?