Main Player: I'm about to pump it! Retail Investor: I don't believe you! You're trying to trick me into getting on board again. Main Player: This time I'm really going to pump it, are you getting on board? Retail Investor: No! Main Player: If I pump it to 30%, are you getting on board? Retail Investor: No, it’s definitely a trap! What are you going to use to pump it with no liquidity? Main Player: Then I'll pump it to 50%, are you getting on board? Retail Investor: Are you serious? Let me see some more! Main Player: I'll pump it to 100%, you mean you won't be tempted? Retail Investor: Wow, are you really going to pump it? But there’s no reason for it! Main Player: I'll continue to pump it to 200%! Retail Investor: I don't care anymore, I’ll just join a bit, missing out will feel awful! Main Player: Continue pumping to 300% Retail Investor: I'm such an idiot, if I had joined earlier I would have made back my investment! Main Player: Not enough yet, continue pumping to 400% Retail Investor: Wow, this is too intense, I can't take it anymore, I'm all in! Main Player: Let’s go down!!!
So don’t just keep staring at that heat map looking at the long-short ratio, it has some reference value but don’t take it too seriously. In cases of severe long-short imbalance, there is definitely an expectation of a pullback, but when the pullback happens you need to understand market expectations! Otherwise, your “perspective” is too small! If you really need a reason, it’s: the market's FOMO sentiment is still not enough! $ETH
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