If most negative money numbers turn to the positive side, Ethereum could see the big pump in the near future.
provides insight into market sentiment by showing the proportion of buy orders to sell orders, a critical indicator during market rallies or corrections.Source: CryptoQuant
If most negative money numbers turn to the positive side, ETH could see the big pump as more traders are taking buy positions. But when and how will this happen?One influencing factor is the bullish momentum in the Ethereum derivatives market, indicated by Open Interest soaring past its previous ATH to exceed $13 billion.Moderately positive funding rates further highlighted that long-position traders dominated, further affirming bullishness in the short term.
Despite the optimism, the prevailing high leverage and dominance of long positions could heighten the potential for a long squeeze. With adjustments set to focus only on high , leverage showed critical areas where large liquidations could trigger significant price movements.
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