Lei06
Lei06
Crypto Market Participants & Web3 Content Creators. Study on-chain data, track hot narratives, and make transactions that you can understand. I believe that good content requires patience just like good positions.
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The short position has been open continuously.
Entry at $2,265, stop loss at $2,325, target at $2,180.
ETH current price $2,184.84, today UTC -0.58%. 24h high $2,197.58, 24h low $2,161.00.
Target $2,180.
Now only $4.84 away from the target.
Then today's 10-hour long ratio:
75.47% → 75.35% → 75.35% → 74.95% → 74.95% → 74.91% → 74.91% → 74.79% → 74.79% → 74.58% (latest)
From the series start at 76.15%, it has gradually ground down to 74.58% today.
Every report says: slow grinding structure, not a crash, it’s gradually wearing down the longs bit by bit.
Today it wore down nearly 1 percentage point again.
But 74.58% is still extremely crowded—out of 10 open accounts, 7.46 are long.
OI today: low at $5.007 billion, then rose to $5.063 billion at 11:00, started to decline in the afternoon, now $5.03 billion.
After the peak, OI began to contract, which aligns with the direction and price.
Funding rate: 0.0001, still neutral, the longs’ holding cost remains very low, they are not forced out by the funding rate.
The whole series has ground from 76.15% to 74.58%, from $2,265 to $2,184—
target $2,180, $4.84.
This short position is nearing its end.
Waiting for the last $4.84. $ETH
A whale is shorting ETH while going long on BTC, with a total position value of $75 million
On May 17, according to Lookonchain monitoring, whale 0x50b3 is shorting ETH and going long on BTC. This whale currently holds a 25x leveraged short position of 23,151 ETH (valued at $50.55 million) and a 20x leveraged long position of 323.72 BTC (valued at $25.27 million).
Liquidation prices:
ETH: $2,288.33;
BTC: $70,325.36 $BTC $ETH
Bitcoin short liquidations could exceed $1.28B at $81,818
If BTC rises above $81,818, Bitcoin short liquidations could reach $1.28 billion. Explore trigger levels, squeeze mechanisms, and market impact. The post Bitcoin short liquidations could exceed $1.28B at $81,818 was originally published on Coincu. $BTC
【Overview of Important Overnight Events on May 17】
21:00-7:00 Keywords: BlackRock, SpaceX, Iran
1. Bill & Melinda Gates Foundation liquidates Microsoft shares;
2. Arkham monitoring shows BlackRock suspected of selling Bitcoin;
3. Pakistan's Interior Minister arrives in Tehran to promote Iran-US peace talks;
4. Fed power transition faces setbacks, Powell's temporary retention as chairman questioned internally;
5. BlackRock considers participating in SpaceX IPO, planning to invest $5 billion to $10 billion;
6. Italy's UniCredit Sanpaolo Bank increased cryptocurrency exposure to $231 million in Q1;
7. Iranian media: Europe has begun contacting the Revolutionary Guard regarding passage through the Strait of Hormuz.
Mixue Ice City launches the same drink as Jensen Huang; visits to stores see peach four seasons spring sales increase by over 90%
On May 16, recently, NVIDIA CEO Jensen Huang and his party appeared at the Mixue Ice City store in Beijing's Nanluoguxiang, ordered two cups of Peach Four Seasons Spring, paid by scanning a QR code by accompanying staff, gave a thumbs up after tasting the drink, and then took photos and interacted with tourists at the store entrance, attracting passersby to stop and watch.
【$368 million in total contract liquidations across the entire network in the past 24 hours, mainly long positions】
On May 16, CoinAnk data showed that in the past 24 hours, the total contract liquidations in the cryptocurrency market reached $368 million, with $345 million in long position liquidations and $23.2539 million in short position liquidations. The total liquidation amount for BTC was $123 million, and for ETH it was $94.7371 million.