Daan Crypto Trades
Daan Crypto Trades|Oct 07, 2026 07:45
ETH Crazy amount of Open interest piling in after the move. Funding turned negative but spot selling also pretty rampant at the same time. Mixture of longs longing the dip and shorts piling onto the downside momentum. Price unchanged for the past few hours so one side is bound to get squeezed again soon on this. ETH did break down from its 2-3 week range with this move, so bears are in control until it starts retaking some levels. Going to be a volatile rest of the week.
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