From the capital flow chart: $BTC OI net inflow continuously flowed out 245 million for three days from 9/28 to 9/30, then continuously replenished 562 million for three days from 10/01 to 10/03. The money came in but the price did not hit a new high, so this 562 million is most likely trapped positions. $ETH is more straightforward, with a direct net outflow of 51 million on 10/03, bulls are running away.
A quick word on $ETH$ETH current price is 2,680, even weaker than $BTC. On 10/02 it surged to 2,779 but closed at 2,667, with a longer upper shadow than $BTC. The fee rate plummeted from 0.0055% on 10/02 to 0.0015% on 10/03, bull confidence collapsed in a "miss you to death" style. I tend to short following $BTC, placing shorts at 2,720-2,749, stop loss at 2,790, target at 2,634, 3 to 4 times leverage is enough.
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