@kkkgjkgjhbn
ETH’s new highs show clear long-short resonance. On-chain, funding rates spiked, suggesting aggressive long positioning. Yet, realized profits taken by short-term holders balanced excess leverage. Whale inflows to exchanges signaled hedging, while staking inflows reduced sell-side pressure. Options open interest near $5,000 strike confirmed bullish positioning. Together, these indicators show tug-of-war forces, creating momentum but preventing unchecked overheating.
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