ETH: Summary of discussions in the CoinAnk Chinese discussion group (22:00:11 ~ 23:00:11)

[Analysis of Key Points] The spot price of ETH is around $2041, while the contract price is slightly lower. Price fluctuations are minimal (0.02%) over the past hour, but have increased by approximately 1.76% over the past four hours, indicating relatively stable and slightly rising prices in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483；ref: window] The total ETH trading volume over the past 24 hours is approximately 72.6 billion yuan, with total open interest of approximately 19.5 billion yuan. Open interest decreased slightly over the past hour (-0.10%), but increased by 3.06% over the past 24 hours, indicating a slight recovery in overall capital inflows. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483；ref: window] The ETH long/short ratio is approximately 1.86, indicating that long positions significantly outnumber short positions, suggesting a bullish market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483; ref: window] The funding rate remained around 0.0044%, slightly higher than the previous 0.0035%, indicating a slight increase in the funding costs for long positions to pay short positions, possibly reflecting increased bullish sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483; ref: window] ETH's market capitalization is approximately $246.4 billion, and the circulating supply remains stable at 120 million, indicating no significant changes in market size and circulating supply. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483；ref: window] Data on the main contract fund flow shows that within one day, the net inflow of funds into the contract market was approximately $1.17 billion, while the net inflow of funds into the spot market was $310 million, indicating high activity in the contract market in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:27:50/#2122416；ref: ctx] Over the past 7 days, the net outflow of funds into the contract market was significant (approximately $4.5 billion), while the net outflow of funds into the spot market was approximately $200 million, indicating that medium-term funds have adjusted their allocation to ETH, leaning towards reducing positions or taking profits. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:27:50/#2122416; ref: ctx] Within 8 hours, contract funds saw a net outflow of approximately $430 million, while spot funds saw a net outflow of approximately $83 million, indicating some short-term capital withdrawal, possibly due to profit-taking or risk control adjustments. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:27:50/#2122416; ref: ctx] Within 4 hours and 6 hours, contract funds saw net inflows of approximately $113 million and $210 million respectively. The short-term outflow of spot funds suggests that short-term funds are more active in the contract market, potentially indicating short-term speculation or hedging needs. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:27:50/#2122416; ref: ctx] The ETH sector encompasses the Ethereum ecosystem, layer-1, and smart contracts, with market speculation focusing on the development of the underlying smart contract ecosystem. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483; ref: window] 【Key Clues Summary (Optional)】 - ETH spot and futures prices are close, with limited short-term price fluctuations, indicating a temporarily stable market. - Funding rates have risen slightly, increasing the cost for long positions to pay short positions, reflecting increased long activity. - Net increase in open interest across the network over 24 hours, followed by a slight decrease over 1 hour, indicating a clear short-term capital inflow trend. - Major funds are actively investing in futures contracts in the short term, while spot fund inflows are limited, suggesting short-term speculation. - Net outflow of medium- to long-term funds (7 days) indicates that some funds are choosing to take profits or adjust their positions. - High long/short position ratio suggests a bullish market sentiment. - Market speculation is focused on the Ethereum ecosystem and smart contract sector.