ETH: Summary of Valuescan community discussions (10:00:09 ~ 11:00:09)

[Extracting viewpoint materials] Both BTC and ETH prices have fallen sharply, but short-selling pressure in the Altcoin market has been sluggish this week, making it difficult to effectively short Altcoin. [src: @Valuescan, 2026-02-12 10:34:59/#2156539；ref: window] ETH long positions saw a steady increase from early morning to late morning, gradually rising from 725 ETH to 875 ETH, with each increase representing approximately 3% of the total position. This indicates a preference for long positions and frequent trading. [src: @Valuescan, 2026-02-12 05:28:46~05:38:06/#2155871~#2155912；ref: ctx] Despite continued buying by long positions, ETH holdings have seen their unrealized losses widen, with the loss ratio gradually worsening from approximately -15% to over -65%, significantly increasing the risk for long positions. [src: @Valuescan, 2026-02-12 05:28:46~07:12:07/#2155871~#2156120；ref: ctx] After unrealized losses worsened and account risk rose to a high-risk level, the ETH holdings began to be significantly reduced, with the position rapidly decreasing from 875 ETH to 560 ETH, a reduction of over 36%. [src: @Valuescan, 2026-02-12 07:12:07~07:21:16/#2156120~#2156139；ref: ctx] The cost price of the reduced positions decreased, and the forced liquidation price was lower than before, indicating that the longs were trying to reduce risk exposure and avoid the risk of liquidation. The significant increase in trading volume also suggests a rapid outflow of funds. [src: @Valuescan, 2026-02-12 07:12:07~07:21:16/#2156120~#2156139；ref: ctx] The overall capital flow shows that long positions were initially accumulated and then rapidly reduced, reflecting significant uncertainty in the market regarding the short-term trend of ETH, intense capital competition, and tight risk control. [src: @Valuescan, 2026-02-12 05:28:46~07:21:16/#2155871~#2156139；ref: ctx] Although the account incurred significant unrealized losses during the period of continuous accumulation of long positions, the persistently increasing position size indicates that some funds remain optimistic about the potential for an ETH rebound, suggesting high-leverage chasing of the rally. [src: @Valuescan, 2026-02-12 05:28:46~05:38:06/#2155871~#2155912；ref: ctx] Frequent account risk warnings during position reduction indicated the account was extremely close to liquidation. The rapid withdrawal of funds to avoid this risk reflects a significant decline in market risk appetite. [src: @Valuescan, 2026-02-12 07:12:07~07:21:16/#2156120~#2156139；ref: ctx] Community discussions clearly show a consensus on the decline in BTC and ETH, but questions remain about the sluggish performance of Altcoin short sellers, suggesting market concerns about Altcoin liquidity or investor appetite. [src: @Valuescan, 2026-02-12 10:34:59/#2156539；ref: window] [Summarizing Key Clues (Optional)] - ETH long positions first increased and then decreased, showing significant fluctuations in position size. - ETH long positions suffered increased unrealized losses during the period of holding positions, and the risk continued to rise. - Funds are quickly reduced when high-risk positions are close to liquidation to avoid risk. - The market consensus on the decline of BTC and ETH is clear, while short sellers of Altcoin are slow to act.