Shorts Becoming More Prevalent, Will You Bet on ETH?
π Ethereum has dropped back to $3.7K, and traders are showing signs of panic. The past 2 months, funding rates across exchanges dictate where $ETH goes next. W
Not financial advice. DYOR.
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π Ethereum has dropped back to ETH goes next. When major longs dominate (greed), prices correct. When major shorts dominate, there's a high probability of a bounce.
π The 'Funding Rates Aggregated by Exchange' metric is a nice way to spot when traders across exchanges are putting their money where their mouth is. Exchanges are always prone to liquidate positions. Check in on this great counter-signal here!
Not financial advice. DYOR.
