eth market structure getting spicy rn

• largest 3-day pump (44%) since 2021

• 185k eth pulled from exchanges past 72h

• $25m shorts underwater by $700k at 5x

• eth/btc broke 22-week downtrend

volume flipped btc first time in years

spot accumulation driving this, not etf flows ($38m outflows)

pectra already burned 38k eth

greed index 79 tho