ETH contract positions reach a new high, can long positions continue to be held?
The contract positions for ETH have hit a new high, and this is not necessarily a good thing. The spot price has only rebounded to half of the previous high, but contract positions have broken new records!
This morning, ETH surged to 2784 before starting to decline, currently the coin price is 2713.
Objectively speaking, this is a very unhealthy phenomenon. Even though I am currently very bullish on ETH, I still have to respect this data! Is this wave of increase just to blow up the contracts???
Tonight, there will also be data released on initial unemployment claims for the week.
Shendan is about to lay out in a small circle.
