Analysis: Ethereum contract traders' positions switch repeatedly with price fluctuations

Crypto market analysis firm Santiment stated on social media that since Bitcoin's price rebounded yesterday, most traders have continued to go long and have gained small profits. Ethereum traders, however, are showing a "chasing highs and killing dips" trend - with their positions constantly switching based on the latest price fluctuations. It is worth noting that when trading platform funding rates swing from one extreme to another, it is often accompanied by large-scale position liquidations. The best entry point usually appears when the market is generally bearish, while the best exit point exists during an overly bullish phase. It is recommended to monitor the unidirectional trend of BTC and ETH funding rates to capture key trading opportunities.