#数字资产动态追踪 $ETH The current situation really feels like a "powder keg."

Just finished reviewing the on-chain whale's holdings snapshot: the large short position holder has a total of 747 addresses, which is four times the number of long positions. Even if these old money addresses are driven to a price of $3128 and suffer an unrealized loss of over $120 million, not a single one is willing to run—on the contrary, they are firmly holding their positions, forming a heavy "short wall."

The current long-short ratio is only 30.8%. When the deviation reaches this level, the market usually has only two paths: either the final test before the upcoming crazy rally, or a strange calm before a plunge.

⚠️ The alarm has already sounded. Personally, I decide to stay on the sidelines and observe whether these 700+ shorts can really push the market back.

Trading is like this—watching coldly from the sidelines, not rushing the rhythm. Risk control always comes first; don’t be blinded by the direction.