BTC's total futures position has officially stabilized at $35 billion!
But at the same time, the price has not yet reached 65,000. Compared with the previous price rebound level, there is indeed a slight deviation, which means that futures bulls seem to be more confident; futures positions reaching high levels as prices rise are generally a disadvantage for bulls. After all, the heavier the car, the easier it is to wash the market;
But looking at ETH, you will find another situation!
ETH's total futures position is still at a relatively low level. In other words, not only is the price strong, but there is no strong demand for a callback at the futures level. It is a very healthy state; from this perspective, the relative performance of ETH/BTC this week should be relatively strong, and the funds on the market seem to be finally willing to accept ETH, the prodigal son who has returned.
