Oh wow! 3.3 million $ETH ! The open interest on BN’s Ethereum-based perpetual contracts has directly surged to a new all-time high!

So what does that mean? Ethereum’s price is down 67% from its peak—it's almost enough to make you want to give up—yet everyone is, instead, going crazy adding leverage. Some are panicking, and some are greedy.

On-chain analysis has highlighted a key data point: the Taker buy/sell ratio on BN has climbed from 0.95 to 1.0. What does that mean? For the past few months, it’s all been sellers dumping; now it’s finally returning to a buyer-driven market.

Old Zhang puts it bluntly: extreme oversold + open interest hitting a new high + the buy/sell ratio reverting—these are often signs that bears should be losing sleep. It doesn’t mean a massive surge tomorrow, but at least it shows that smart money is starting to probe the waters.

So what impact does that have on us regular players? Don’t blindly chase, but also don’t stay fully in cash and miss out. Watch that 3.3 million open interest—once it starts breaking out with expanding volume, it could be a turning-point node.

Want to know which position to set up next? Old Zhang’s village has already sorted out the layout—just waiting for the market to give the opportunity!
#我的Gate交易时刻 #美国5月CPI创三年新高 #Gate上线港股交易
$HYPE $BTC