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Moni Trader
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Sisters, I don't care anymore!
With this ETH rebound rally, I added to my short position because I believe my analysis won't be wrong!
Look at this market: $ETH has been hammered down from the high of 2806, now rebounding back to 2714, which looks quite strong.
But in my eyes, this rebound is just a setup for a short.
SAR is holding at 2677, MACD has a golden cross, but from 2720 to 2750 above are all trapped positions; every rebound is a bull trap.
Why do I dare to add to my short position at this level?
Because all the bearish signals are piling up.
First, the options market is suppressing the price.
Greeks.live data shows the ETH put/call ratio is as high as 0.67, with the maximum pain point pinned at $2380.
What does this mean?
It means market makers have a huge incentive to push the price down near 2380 to profit from their options positions.
What is 2380? It's a full $330 below the current price of 2714.
Second, smart money is exiting.
On-chain snapshots from Hyperliquid and Nansen show that ETH smart money positions are net short, with shorts accounting for 53.9%, and longs dropping sharply by 13.1 percentage points from yesterday.
After the previous leveraged long rally failed, they have been slowly closing positions.
Big players are withdrawing, while retail investors are still chasing.
Third, ETF funds are continuously flowing out.
Ethereum spot ETFs have had net outflows for 4 consecutive days, with $251 million withdrawn just yesterday, Fidelity
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