2026-01-05 22:20:14

#以太坊大户持仓变化 $ETH

Ethereum breaks above $3200, and this upward spike isn't simple!

At first glance, market sentiment is boiling—open interest has surged by 12%, and bulls seem to be gaining momentum. But upon deeper analysis, problems emerge. The funding rate, a barometer of the futures market, remains unchanged or even slightly weak. This doesn't feel right 🤔

Have you noticed? The current rally looks like high-leverage players are "building walls"—the price is rising, but the support strength is questionable. The surface appears hot, but beneath it, there's weakness, creating a stark contrast—this is a typical high-leverage-driven market characteristic. The funding environment hasn't caught up, yet the price is being pushed up hard. Is the foundation stable? It's hard to say.

The question is: is this just a prelude to a short-term rally, or are bulls and bears about to start a fierce battle?

History tends to repeat itself. Whenever we see this combination of "strong price action but weak funding," it often signals a shakeout or a deep correction. Sometimes, it's a sign that big institutions are setting a trap.

Brothers and sisters, how do you feel right now? Are the bulls or bears in control of this wave? See you in the comments!

ETH-0,98%

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FlashLoanLarry

· 2h ago

ngl the funding rate flatline while oi pumps 12% is basically capital inefficiency wrapped in leverage theater... this is textbook basis arbitrage setup waiting to blow up

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NotAFinancialAdvice

· 4h ago

Building walls is a brilliant phrase. I’ve been wondering why it feels so stiff to rise, and the funding rate is so cold that it shouldn’t be like this at all. --- It's the same old story, every time they say history repeats itself, and yet I still get trapped. --- Wow, high-leverage players are dreaming; sooner or later, they’ll get liquidated. --- It looks like this wave might really be a setup; I need to be careful. --- Why bother to worry? I’ve already been out of the market and just watching. --- The funding situation is so weak; no matter how strong the rally, it’s useless. Let’s wait for a shakeout. --- I don’t know who will win between bulls and bears, but I do know I lost. --- This kind of "extreme highs and lows" market is the most dangerous. Better to miss out than chase after a high.

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LightningSentry

· 01-06 10:20

The saying "building walls" is spot on; if the funding rate doesn't move, it's just a smoke screen. I'm choosing to lie low this time.

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SillyWhale

· 01-05 22:50

Funding rate didn't follow, this wave is definitely fake, don't be fooled by the 12% open interest.

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TokenDustCollector

· 01-05 22:41

The term "building walls" is spot on. The liquidity situation is freezing cold, but prices are still stubbornly holding up. Isn't this just waiting to cut the leeks?

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MetaverseMortgage

· 01-05 22:39

Funding rates do not follow the price, which is outrageous. It feels like the big players are manipulating the price to push it higher and then sell off.

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NFTRegretter

· 01-05 22:37

The term "building walls" is brilliant; it feels like institutions are now testing the market depth.

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GateUser-9ad11037

· 01-05 22:28

Funding rate remains unchanged, this surge is just fake, those who bought at high prices will be crying again.

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