ETH: Summary of discussions in the CoinAnk Chinese discussion group (11:00:10 ~ 12:00:10)

[Analysis of Key Takeaways] At 11:24:49, the spot price of ETH was $2007.62, and the contract price was $2006.45. The price fell 1.02% in the past hour and 0.29% in the past four hours. The funding rate was -0.0127%, the long/short ratio was 2.3212, the 24-hour trading volume was $43.184 billion, and the total open interest was $19.773 billion. Open interest decreased by 0.44% in the past hour and 1.87% in the past 24 hours. The market capitalization was $242.172 billion, and the circulating supply was 120 million. The market performance showed a slight short-term decline, with the negative funding rate indicating short sellers' dominance and a decrease in open interest. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344; ref: window] At 11:06:13, the spot price of ETH was $2014.28, and the contract price was $2012.95. The price decreased by 0.64% in the past hour and 0.10% in the past four hours. The funding rate was -0.0120%, the long/short ratio was 2.3003, the 24-hour trading volume was $43.461 billion, and the total open interest was $19.751 billion. Open interest decreased by 0.50% in the past hour and 2.96% in the past 24 hours. The market capitalization was $242.917 billion, and the circulating supply was 120 million. High trading activity but declining open interest indicates cautious market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:06:13/#2145207; ref: window] The spot price of ETH was $2014.57 at 11:05:53, and the contract price was $2013.41. The price decreased by 0.65% in the past hour and 0.02% in the past four hours. The funding rate was -0.0119%, the long/short ratio was 2.3003, the 24-hour trading volume was $43.461 billion, and the total open interest was $19.751 billion. Open interest decreased by 0.50% in the past hour and 2.96% in the past 24 hours. The market capitalization was $242.917 billion, and the circulating supply was 120 million. The market is under short-term pressure, and the persistently negative funding rate indicates the presence of short-selling pressure. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:53/#2145198; ref: window] At 10:35:58, the spot price of ETH was $2028.66, and the contract price was $2026.79. The price increased by 0.38% in the past hour and 0.51% in the past four hours. The funding rate was -0.0114%, the long/short ratio was 2.3014, the 24-hour trading volume was $43.931 billion, and the total open interest was $19.887 billion. Open interest increased by 0.57% in the past hour and decreased by 2.46% in the past 24 hours. The market capitalization was $244.946 billion, and the circulating supply was 120 million. Previously, the market had seen a slight short-term rebound, with a slight increase in open interest. The negative funding rate indicates that short sellers still have the upper hand. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 10:35:58/#2145008；ref: ctx] The ETH long/short ratio reached 2.3212 at 11:24, slightly higher than 2.3014 at 10:35, indicating a slight increase in the number of longs relative to shorts. However, the funding rate remained negative, suggesting that overall market sentiment leaned towards shorts. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344, 10:35:58/#2145008; ref: window+ctx] The total open interest (PoI) of ETH across the entire network gradually decreased from $19.887 billion at 10:35 to $19.773 billion at 11:24. Both the 1-hour and 24-hour open interest showed a downward trend, reflecting some capital outflow or reduction in holdings. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344, 10:35:58/#2145008; ref: window+ctx] The 24-hour trading volume was $43.931 billion at 10:35, then slightly decreased to $43.184 billion at 11:24, indicating that trading activity remained high but slightly declined, with frequent market transactions. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344, 10:35:58/#2145008; ref: window+ctx] ETH's market capitalization decreased from $244.946 billion at 10:35 to $242.172 billion at 11:24, with short-term price pressure leading to a reduction in market capitalization. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344, 10:35:58/#2145008; ref: window+ctx] The funding rate remained negative throughout the entire time window, gradually declining from -0.0114% to -0.0127%, reflecting the dominance of short-selling funds and an overall bearish market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344, 10:35:58/#2145008; ref: window+ctx] The circulating supply remained stable at 120 million, indicating no significant change in the token supply and stable market liquidity. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:24:49/#2145344; ref: window]