2026-01-03 13:21:27

Recently, looking at the market trend, quite a few people are shouting "The bull market is back." But I took a close look at the long and short position data and feel that this breakout might not be that simple.

ETH's short positions have accumulated to a scale of 6.6 billion, while the longs awaiting liquidation are only about 800 million — the gap is so large that it's a bit outrageous. In other words, the bulls are almost unpreparedly rushing upward, while the bears have already set up their defenses.

This kind of disparity in positioning always feels like a trap for retail investors. Think about it: if you're an institutional trader watching retail investors chase high prices, wouldn't you be tempted? At this point, a quick surge to attract the last chasing longs, followed by a sudden plunge, can allow the short positions to realize profits directly.

My advice is: don't be blinded by the recent price increase. At this moment, risk control should be a top priority. Keep your positions light and set your stop-loss levels properly — these two points really shouldn't be overlooked. Wait until the balance of power between longs and shorts is reestablished or the breakout is confirmed effectively, then consider adding positions.

Whether this is a genuine bull or a false breakout, time will tell. But the risk of catching the top is definitely worth being cautious about.

ETH1,89%

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ForkTongue

· 01-04 15:22

6.6 billion short positions versus over 800 million long positions. This huge disparity is truly astonishing, and retail investors are still celebrating. Institutions have long set up their guns, just waiting for the final wave of chasing highs to come in and fill the bottom. Keeping a light position and setting stop-losses are really essential; don't let this false prosperity trap you. Let's wait and see if we can truly break through. Currently, taking on positions at high levels is indeed a bit risky.

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unrekt.eth

· 01-04 05:51

6.6 billion short positions against over 800 million long positions, this is a slaughter feast. --- Retail investors are about to pay tuition again. I bet five dollars that a wave of manipulation is coming. --- Keeping a light position is really not nonsense; those who chase at high levels should check their accounts. --- Every time there's such a market situation, I think of the miserable situation I was trapped in before. Staying put is still the safest. --- The bears have set up such a big formation; they've been laughing for a long time. --- Really, don't listen to those calling for a bull run. Take a closer look at the contract data before speaking.

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DarkPoolWatcher

· 01-03 22:54

6.6 billion short positions against over 800 million long positions, if this isn't a trap, what is... Retail investors are being handed this wave on a silver platter.

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HashBandit

· 01-03 13:51

ngl, this short positioning setup screams liquidation cascade waiting to happen... back in my mining days we'd call this a classic pump-and-dump setup, except now it's on-chain and transparent lmao. 66B shorts vs 8B longs? that's not a market, that's a mousetraps convention

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MissedAirdropAgain

· 01-03 13:49

6.6 billion in short positions piled up there, retail investors are still rushing in. Isn't this a classic tactic? Institutions are waiting for the final wave of bagholders.

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ConsensusBot

· 01-03 13:49

6.6 billion short positions against over 800 million long positions, the gap is really huge. It feels like institutions are setting a trap. Retail investors are still celebrating the bull market, unaware that they are already surrounded. Light positions, stop losses, and wait for signals.

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NftBankruptcyClub

· 01-03 13:44

66 billion short positions piled up here, retail investors are still chasing highs, isn't this a textbook trap? It's the same old story, shouting bull market when prices rise, and calling for mass liquidation when it dips. Be smarter, everyone. Every time they emphasize risk control, but when the market actually moves, it's all in. I'm truly amazed. With so many short positions, a rebound should have happened by now. I'm just worried that after the rebound, it will crash straight down. Zero defense from the bulls? Then just wait to be harvested; institutions won't make money if they're not ruthless. How are the positions bought at high levels doing now? Has anyone dared to say a word? I just want to know who made big money from the 66 billion short positions.

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GateUser-c802f0e8

· 01-03 13:30

6.6 billion short positions against over 800 million long positions. The gap is so wide that I don't even dare to chase it; it feels like just waiting to harvest the little guys.

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ChainSauceMaster

· 01-03 13:29

66 million short positions vs 800 million long positions, anyone would be nervous about this gap. Retail investors are still chasing the rally. --- Here we go again, institutions are fishing, we're just delivering the food. Nothing new. --- Light positions, stop-loss. These two really shouldn't be skipped, or else you're just giving away money. --- Bull market? To me, it looks more like they're digging a hole for the latecomers at high prices. --- With such a high pile of short positions, it feels like something's going to happen. Better to be conservative. --- This breakout is fierce, but you need to have a sense of proportion. Don't be fooled by the surge.

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