ETH continues to accumulate over the weekend. Based on spot CVD data, the net spot buy orders from Friday night to Saturday reached 43.7K, indicating that quite a few funds are bottom-fishing. However, the order book shows the opposite—more sell orders, and this ask delta situation is quite interesting. Overall, the position size is fluctuating, and the funding rate remains neutral, with no obvious signs of long-short imbalance. Currently, it is still in the buildup stage, and a breakout will require observing trading volume for confirmation.
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GasOptimizer
· 1h ago
There is so much bottom-fishing capital, yet the sell orders on the order book are so aggressive. It's a bit suspicious.
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IntrovertMetaverse
· 1h ago
43.7K bottomed out but all the orders are sell orders? This is outrageous, probably a sign of a false breakout.
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GasFeeCrybaby
· 2h ago
43.7K bottom-fishing? Is it real? Why does this data not seem as impressive as I imagined?
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ContractBugHunter
· 2h ago
43.7K net buy orders? This data looks pretty good, but with more sell orders, I always feel like there's some kind of trick... Accumulation is just a synonym for waiting to harvest the leeks, right?
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BlockchainBouncer
· 2h ago
43.7K bottomed out but more sell orders? Isn't this a typical bear trap? I'm a bit unsure.
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0xSherlock
· 2h ago
Bottom accumulation is like this; those entering now are the smart money.
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AirdropBuffet
· 2h ago
43.7K buy orders sound pretty good, but there's a bunch of sell orders... The conflicting tension is a bit tight.
ETH continues to accumulate over the weekend. Based on spot CVD data, the net spot buy orders from Friday night to Saturday reached 43.7K, indicating that quite a few funds are bottom-fishing. However, the order book shows the opposite—more sell orders, and this ask delta situation is quite interesting. Overall, the position size is fluctuating, and the funding rate remains neutral, with no obvious signs of long-short imbalance. Currently, it is still in the buildup stage, and a breakout will require observing trading volume for confirmation.