2 hours ago
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Key Takeaways:
- Gate.io 30-day OI change: -461,000 ETH on April 21.
- Binance 30-day OI change: -81,200 ETH on April 27.
- Funding rate: -0.002 and moving more negative.
- Every deeply negative funding reading in April coincided with a local price low.
- Taker ratio: 0.975.
- Price holding above $2,315 support with RSI at 35.20 approaching oversold.
- 9-year golden triangle intact – apex approaching.
- Above $4,350: $10,000 measured target.
- Below $1,950: nine years of structure breaks.
On April 21, Gate.io recorded a 30-day open interest change of -461,000 ETH, one of the deepest negative readings in the visible dataset stretching back to 2023. On April 27, Binance added -81,200 ETH. Two of the largest derivatives venues for Ethereum are simultaneously unwinding leveraged exposure at a pace not seen since A...
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