【$ETH Signal】Short position + decline accompanied by abnormal open interest

$ETH is experiencing a decline in volume, with a decline of -7.49% accompanied by a huge amount of 19.28 billion, which is a clear weak signal.

🎯 Direction: Short position

Market logic suggests that the price decline needs to be determined in combination with open interest. The current open interest is as high as 2.242 million, and when the price falls sharply, such a high position is more inclined to the liquidation of long positions rather than the main active shipment. This means that the downward momentum may be amplified, but it is not a healthy bearish trend initiation.

At this time, the risk of entry is extremely high, whether it is chasing short or buying the bottom, it faces extremely high liquidation risk and emotional fluctuations. The core of the trading mindset is to make money with probability, and the current market probability is not clear, so you should wait for the position to decline, the price volatility to shrink, and a clear absorption or rejection signal before making a judgment.

Trade 👇 $ETH
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