Michael Nadeau, founder of DeFi Report, wrote on X about the ETH market:
1. ETH's unpositioned squaring contracts have increased by 40% in the past few days, which means that there are a lot of leveraged bulls;
2. The spot trading volume of ETH has jumped from $40-6 billion per day to $150-18 billion, which means real capital inflows;
The funding rate has been increased from 0.005% to 0.03%.
4. In the past few days, the ETH short settlement amount exceeded 85 million dollars.
All in all, the current ETH shows signs of "real capital inflows, long positions, and short positions squeezed", which are jointly promoted by three reasons.
Founder of DeFi Report: "Real capital inflow + long position increase + short squeeze" and other three reasons have promoted the surge of ETH
2025-05-12 08:08:59
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