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【$ETH Signal】Short position + decline accompanied by abnormal open interest
$ETH price fell by -7.5%, but open interest (OI) remained high at 2.28 million ETH. This is a typical decline led by long liquidation, rather than a healthy wash. Market logic suggests that it needs to be judged in combination with open interest, and the current decline under high OI is very easy to trigger chain liquidations and form an acceleration of decline.
🎯 Direction: Short position
Wait for price action to give a clear signal. or OI drops sharply (liquidation ends), and the stop-loss structure is reconsidered; Either the price volume falls below the key support, confirming the continuation of the downtrend. At present, it is in the stage of disorderly selling pressure, and it is not suitable to receive flying knives.
Trade 👇 $ETH
here
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