Analysis: "ETH long positions concentrated on Binance... Price adjustments possible."
This article is machine translated
Show original
Crypto analyst Amr Taha reported in a CryptoQuant article that Binance is experiencing excessive long positions in Ethereum (ETH). He explained, "Binance's ETH open interest has increased from $2.4 billion on February 4th to $4.15 billion, reflecting recent short liquidations and a surge in new long positions. In derivatives markets, a one-sided bias and an opposing price movement can lead to cascading liquidations. ETH's on-chain profit reached $5.8 million on the 6th, a correction that occurred when the on-chain profit reached $6 million."
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content






