$ETH institutions are quietly eating! But don't be fooled, the shorts are still lurking
Brothers, I just checked the main fund activity and found some exciting information: In the past 12 hours, those institutional giants have thrown in 170 million USD to buy at the bottom, while their selling orders were just over 100 million, resulting in a net inflow of nearly 70 million USD!
This data indicates that large funds do indeed have an impulse to go long in the short term.
What's particularly scary is that just in the last 2 hours, there have been several super buy orders of over 20 million USD on Binance contracts, clearly indicating that a big player is firmly defending a certain price level to prevent the price from collapsing.
The institutions seem to be a bit competitive about this.
But! Don't rush in!
There are a few points that have me feeling uneasy: First, a doji candlestick has appeared, which is a typical sign of 'choice paralysis', indicating that a price change could happen at any moment.
Secondly, on the technical indicators, the KDJ has already formed a death cross and is diverging downward, increasing the short-term downward pressure visibly.
Large funds indeed want to stir things up in the short term, this net inflow is not fake, keep an eye on those looking to play for a rebound; the shorts are also not backing down, with clear technical pressure, neither side is giving way, causing market tension.
The medium to long-term trend (looking at EMA24/52) still leans bullish, but the short-term battle is not over yet, the main players may flip at any moment. It’s crucial to avoid blindly following the trend now; the key is to watch the sustainability of large orders.
If they stop defending the price or turn around to sell, a downward spike could be quite damaging.
In summary: The market is at a standoff, waiting for results. Following? Take it easy, and always set your stop-loss! I'm going to keep an eye on the significant on-chain order movements, and I'll shout out if anything changes.
