DefiEngineerJack
The contract charts for ETH and BTC suggest that the market is likely to move downward.
The bullish sentiment has already been fully inflated. The recent spike directly cleared out high-leverage short positions, and now retail traders are heavily entering long positions. This kind of situation is usually a signal before a major drop — the shorts that needed to be cleared out are gone, and retail longs are coming in.
The position data is even more telling. The rapid surge in longs has already been exhausted, and now the main players are withdrawing while retail traders are taking on positions.
View OriginalThe bullish sentiment has already been fully inflated. The recent spike directly cleared out high-leverage short positions, and now retail traders are heavily entering long positions. This kind of situation is usually a signal before a major drop — the shorts that needed to be cleared out are gone, and retail longs are coming in.
The position data is even more telling. The rapid surge in longs has already been exhausted, and now the main players are withdrawing while retail traders are taking on positions.

