๐จ ๐ฆ๐ฎ๐ป๐๐ถ๐บ๐ฒ๐ป๐: ๐๐ง๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐๐ผ ๐ฆ๐ต๐ผ๐ฟ๐, ๐๐ง๐ ๐๐ผ๐น๐ฑ๐ฒ๐ฟ๐ ๐ฆ๐๐ฎ๐ ๐ข๐ฝ๐๐ถ๐บ๐ถ๐๐๐ถ๐ฐ
๐จ According to on-chain data from Santiment:
โ Bitcoin is being shorted heavily โ even after rising above $108,000.
โ Ethereum traders are going long, expecting upside.
But thereโs a twist: Ethereumโs fate still depends on what Bitcoin does next.
๐ ๐ช๐ต๐ฎ๐'๐ ๐๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ถ๐ป๐ด ๐๐ป ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐?
๐ธ Bitcoin Funding Rates Are Negative
This means more traders are opening shorts, betting BTC will drop.
๐ธ Ethereum Funding Rates Are Positive
Traders are opening longs, expecting ETH to rise.
โ ๏ธ ๐ฆ๐ฎ๐ป๐๐ถ๐บ๐ฒ๐ป๐ ๐ช๐ฎ๐ฟ๐ป๐: ๐ฆ๐ต๐ผ๐ฟ๐ ๐ฆ๐พ๐๐ฒ๐ฒ๐๐ฒ ๐๐น๐ฒ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป?
๐ Too many traders are betting against Bitcoin at the same time.
๐ If BTC doesnโt drop soon, those shorts might get squeezed.
๐ A short squeeze can force rapid buying, pushing Bitcoin even higher.
๐ง ๐ช๐ต๐ฎ๐ ๐๐ฏ๐ผ๐๐ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ?
โ๏ธ Ethereum has more bulls than bears right now.
But ETH is still following BTCโs lead.
๐ฌ As Santiment explains:
โEthereum may look bullish โ but unless Bitcoin keeps rising, donโt expect ETH to break out on its own.โ
โ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐:
๐น Watch BTC closely โ if short squeeze happens, expect a rapid pump
๐น ETH may ride along, but wonโt move strongly without BTC support
๐น Be cautious of market traps โ big positions are betting both ways right now