Post

Last week, I was studying the market and didn't post many posts or articles because I wanted to take some time to reflect. Now, I believe I have gained some insight and can share some of my views. Recently, $ETH has been in a downward correction phase. In other words, I think its overall trend hasn't changed and remains very bearish. I myself am also shorting it, but since my capital is limited, the short positions I hold are not large, only a few hundred dollars. —————————————————— Some friends might be curious why I am shorting. Let me explain the logic. Let's look at its contract data. Upon close observation, we can see that in recent days, both its contract open interest and long-short ratio have been declining simultaneously. Moreover, the decline in contract open interest is greater than that of the long-short ratio. This means that large holders are frantically exiting. As the saying goes, "The ducks know when the spring river warms first"—large holders are actually the market's barometer. If the big players leave, it means this rally has reached its peak. At such times, continuing to short is the way to go. —————————————————— Personally, I believe the market is about to enter a rapid decline phase, and during this phase, one must not try to bottom-fish. I think now is the time to short on rallies; shorting on rallies is the only way out. These are my views.