Santiment: Ethereum contract traders prefer to "chase ups and downs", and their positions switch repeatedly with price fluctuations

cryptocurrency market analysis firm Santiment posted on social media that since yesterday's bitcoin price hit bottom and rebounded, most traders have continued to go long and have made small profits. Ethereum traders, on the other hand, have shown a "chasing highs and killing lows" trend - their positions have been constantly switching with the latest price fluctuations.

It is important to be cautious, as when the funding rate on trading platforms swings from one extreme to another, it often leads to large-scale position liquidation. The best entry point usually occurs when the market is generally bearish, while the best exit point exists during the overly bullish stage. It is recommended to monitor the one-way trend of BTC and ETH funding rates to capture key trading opportunities.