ETH futures hit a record high, institutions are frantically buying
ETH futures have recently surged to $52.1 billion, creating a new high, with an active position of 14.31 million. For over a month, this number has not decreased, clearly showing that funds are pouring in strongly, and the bullish sentiment is quite strong.
However, that being said, no matter how aggressively institutions buy, it's only reassuring to enter after the adjustment is complete. The two levels of 3750 and 4000, the former has already been surpassed, with prices touching the 4-thousand range, likely leading to a significant correction of over 15%. Currently, we're just 7 points away from this position.
The main players who were manipulating earlier have long since left, to put it bluntly, the control has changed hands. Now, how much this price can rise or fall has basically nothing to do with us retail investors, so don’t expect to find patterns in the candlestick shapes, hence the visible fluctuations have also diminished.
The market is no longer what it used to be; the utopia of decentralized finance is a thing of the past. Now, it’s the world of institutions, to put it harshly, it’s an extension of dollar hegemony on the chain, and it’s not much different from digital gold.
Stablecoins are tied to U.S. Treasury bonds, and spot ETFs have the supply in hand, which means institutions have gained legal tools for harvesting. If you don’t adapt to this new way of playing, sooner or later, you’ll be swept away by liquidity and become a victim.
Given this situation, why insist on buying at a high? Just sell when you reach your target price, and it’s enough to earn profits that you can understand—it's that simple. It’s not that I don’t have faith in Ethereum; I just don’t want to rush forward in this overheated sentiment. The faith I should have hasn’t diminished at all.
$ETH #ETH #以太坊突破3700
ETH futures have recently surged to $52.1 billion, creating a new high, with an active position of 14.31 million. For over a month, this number has not decreased, clearly showing that funds are pouring in strongly, and the bullish sentiment is quite strong.
However, that being said, no matter how aggressively institutions buy, it's only reassuring to enter after the adjustment is complete. The two levels of 3750 and 4000, the former has already been surpassed, with prices touching the 4-thousand range, likely leading to a significant correction of over 15%. Currently, we're just 7 points away from this position.
The main players who were manipulating earlier have long since left, to put it bluntly, the control has changed hands. Now, how much this price can rise or fall has basically nothing to do with us retail investors, so don’t expect to find patterns in the candlestick shapes, hence the visible fluctuations have also diminished.
The market is no longer what it used to be; the utopia of decentralized finance is a thing of the past. Now, it’s the world of institutions, to put it harshly, it’s an extension of dollar hegemony on the chain, and it’s not much different from digital gold.
Stablecoins are tied to U.S. Treasury bonds, and spot ETFs have the supply in hand, which means institutions have gained legal tools for harvesting. If you don’t adapt to this new way of playing, sooner or later, you’ll be swept away by liquidity and become a victim.
Given this situation, why insist on buying at a high? Just sell when you reach your target price, and it’s enough to earn profits that you can understand—it's that simple. It’s not that I don’t have faith in Ethereum; I just don’t want to rush forward in this overheated sentiment. The faith I should have hasn’t diminished at all.
$ETH #ETH #以太坊突破3700
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