Today's emotional and financial situation is very similar to May 6th. Retail investors are fleeing their contracts, while the main players remain unmoved, causing widespread panic.

The contract data for today and May 6th is both at its lowest. Assuming we are currently in a washout phase, today could very well be the lowest point (this is just an assumption, a subjective view).

Another possibility is that the main players are slowly offloading their positions, but I believe this probability is relatively low.

It is worth noting that it is quite certain that the main players of ETH have been steadily investing in spot from May 10th to May 23rd, without any signs of selling.

The ETH/BTC exchange rate has reached the middle track of the daily chart, where the support is very strong.