Matrixport: Ethereum loses support, speculative longs face concentrated liquidation

ChainCatcher news, Matrixport released today's chart stating, "Ethereum's trading volume plummeted from $122 billion to $57 billion, as speculative long positions faced liquidation.

Although there are still multiple technical supports below, the funding rate has fallen below 10%, indicating that the inflow momentum of ETF funds is slowing down. Currently, Ethereum is in a digestion phase after being overbought, and implied volatility remains high. For aggressive investors, selling call options can capture volatility premiums, but the likelihood of a short-term return to $5,000 is limited.

Overall, risk control remains the core focus. After the price broke through key support, we still maintain a cautious attitude."