The latest developments in the largest counterfeit coin Ethereum futures market are exciting. Some charts are sending worrying signals, and those who understand the situation are closely monitoring these messages
The latest developments in the largest counterfeit coin Ethereum futures market are exciting. Some charts are sending worrying signals, and those who understand the situation are closely monitoring these messages. In particular, Ethereum's open positions indicate that volatility is about to increase.
Ethereum's open positions are rapidly increasing
For those unfamiliar with it, position holding is an important measure of understanding the futures market. It represents the total number of open futures contracts. When the position is high, it indicates that there are many investors holding open positions in the market. Currently, Ethereum's holdings continue to rise.
The current chart of Ethereum shows a continuous increase in open positions. The upward trend of open contracts indicates that investors are building positions based on whether the future price of ETH will fall or rise. Although high holdings can be seen as a sign of increased investor interest in Ethereum, it also indicates a significant amount of speculative trading. As history has taught us, speculative trading can lead to high volatility.
When checking ETH's open position contract chart, we found a clear deviation. Despite Ethereum showing signs of consolidation and intensifying price fluctuations, open positions continue to rise. This difference may be an indicator of significant price fluctuations. When there is such a significant difference between price changes and holdings, it usually means a significant change in price.
Long extrusion and short extrusion
When the astonishing growth of open positions in Ethereum is combined with fluctuating price trends, it indicates the imminent occurrence of what investors call a long squeeze or a short squeeze. In other words, if most open positions are composed of investors who anticipate an increase in Ethereum prices, there may be a significant decline in long squeeze, or if they hold positions that anticipate a decrease in prices, there may be a long squeeze. Accompanied by a significant increase in short selling pressure.
The latest data shows that Ethereum is currently trading at $1541, with a market value of $185.39 billion, a decrease of 0.06% in the past 24 hours.
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