ETH: Summary of discussions in the CoinAnk Chinese discussion group (00:00:10 ~ 01:00:10)

[Extracting viewpoint materials] The spot price of ETH is fluctuating around $1900. It has fallen by more than 3% in the past hour and nearly 4% in the past four hours, indicating short-term downward pressure. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:33:12/#2162467; ref: window] ETH contract funding rates remain negative at approximately -0.0060%, reflecting a dominant bearish sentiment in the market and funding cost pressures favoring short. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:33:12/#2162467; ref: window] The long/short position ratio remained above 2, indicating that there were still more long positions than short positions. However, the total open interest across the network decreased, with a reduction of approximately 1.35% within one hour, suggesting that some funds were either observing the market or reducing their positions. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:33:12/#2162467; ref: window] 24-hour trading volume remained high, approaching $40 billion, indicating continued high market activity and frequent capital inflows and outflows amid short-term fluctuations. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:33:12/#2162467; ref: window] ETH futures have seen a continuous net outflow of funds from major players, with net outflows reaching billions of dollars over both the 15-day and 30-day periods, indicating that large investors or institutions are gradually withdrawing from their futures positions. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:11:28/#2162022; ref: window] Spot market fund flows showed a slight net outflow, with both the 15-day and 30-day periods showing negative values, indicating that funding pressure also exists in the spot market, and buying interest is relatively weak. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:11:28/#2162022；ref: window] Short-term (5 minutes to 1 hour) contract funds saw significant net outflows, particularly intensifying within the 5-minute and 15-minute timeframes, indicating a rapid withdrawal of short-term speculative funds. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:06:24/#2161876; ref: window] The price of ETH gradually declined at different points in time, falling from $1944 to approximately $1905, accompanied by a continuous outflow of funds from major players' contracts, reflecting that the price drop was synchronized with the reduction of positions by major players. (Multiple people repeated this) [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:05:31/#2161843; 00:06:24/#2161876; 00:11:28/#2162022; ref: window] The trading strategy suggestion mentions ETH long entry points at $1731-$1696, target prices at $1788-$1868-$2000, and a stop-loss at $1644, suggesting that some investors are still optimistic about the medium-term rebound potential. [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:21:49/#2162247; ref: window] Funding rates and the ratio of open positions indicate significant short-selling pressure, but long positions are dominant, suggesting a short-term oscillating market with short-selling pressure manifested in capital outflows. (Multiple sources repeat) [src: @CoinAnk Chinese Discussion Group, 2026-02-13 00:04:02/#2161817; 00:33:12/#2162467；ref: window] [Summary of Key Clues] - The price of ETH continued to decline in the short term, accompanied by a net outflow of funds from the main contract. - The funding rate is negative, the funding cost for short sellers is low, and the pressure on short sellers is significant. - The ratio of long to short positions remains above 2, with more long positions than short positions, but the amount of funds held in the position has decreased. - Spot funds saw a slight net outflow, and buying pressure eased. - Market trading is active, with 24-hour turnover remaining high. - Short-term funds are rapidly withdrawing from contract positions, reflecting short-term speculative sentiment fluctuations. - Investors remain optimistic about a medium-term rebound and have clear entry and stop-loss recommendations.