【
$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