Opened too many ETH, the logic is as follows.

From a technical perspective, ETH has reached the end of the 4-hour and daily charts, and has triggered oversold and divergence on the 4-hour chart.

The open high-leverage contracts have also been liquidated, as I previously mentioned the lack of a liquidation around 100k BTC, and now that has all been completed.

The market is now quite clean and healthy, and all high-leverage long positions have been liquidated. Given the overall bullish outlook, now is the best opportunity to go long.