What does a reduction in ETHBTC longs mean?

Such a significant reduction indicates that a lot of funds long on #ETH/BTC have chosen to withdraw or take profits.

Market sentiment has shifted from "ETH will outperform BTC" to "first, ensure survival."

ETHBTC is weak → Altcoins overall will also struggle to maintain strength → The market may turn conservative, leaning towards BTC or adopting a wait-and-see approach.

The above content is sourced from Ai.