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$ETC ETC dropped 8.26% today, from 10.23 down to around 9.11, with a trading volume of 121 million. What’s worth watching isn’t the drop itself, but the 10.6% decrease in open interest, and the long-short account ratio still at 1.845 — 65% of people are holding long positions, yet the price is falling, longs aren’t decreasing, but positions are starting to exit. These three combined usually mean the longs are gradually losing patience. 9.0 is the next key whole number level; breaking it will make those long positions above even more uncomfortable. I generally don’t catch the fall during a hard decline; I wait until the longs are fully squeezed out before considering. $ETC