Taker flow leaning below 1.0 does suggest sellers are still in control short term, so it makes sense why every bounce struggles to follow through.
But at the same time, the spot side showing larger order sizes is interesting. That’s usually not retail behavior, it tends to point to bigger players accumulating quietly while price is weak.
So you’ve got this mismatch where futures look defensive or bearish, while spot looks like it’s absorbing supply. That kind of split often leads to choppy moves instead of a clean trend.
Feels like neither side has full control yet, which is why ETH just keeps moving in bursts without real continuation.
So I’m curious what would make you trust the accumulation side here, a shift in taker flow back above 1, or just price reclaiming key levels first?
Everyone’s arguing about whether ETH is dead, but the order flow right now looks more split than outright bearish.
byu/Crypto_future_V inethtrader
Posted by Crypto_future_V
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It’s almost like there’s macro events that can swing both ways and it’s dropped a good 60% already.
You have Iran, energy crisis instability, and just a general shit storm going on while simultaneously the AI bubble in the stock market is looking fragile as the immediate riches look a bit further out for a lot of these companies that ran insanely hard.
On the other side you have a weaker dollar, positive crypto legislation, and an admin that is going to do what it can to lower rates with pro crypto board members involved, as well as the equities market even if it looks like a AI bubble it’s still an insane machine that will forever be propped up and essentially the global standard for investment.
Al it takes is for the admin to back off the cluster fuck these next 6 months and pass a couple bills.