Multiple Market Indicators Flash Warning
ChainCatcher reports that well-known investor Jiang Zhuoer shared his market analysis on X platform. He noted that ETFs are in persistent sell mode, with multiple institutional products simultaneously reducing positions, indicating capital outflows from institutions. Meanwhile, Coinbase market price exhibits a clear discount, having fallen back to levels seen before the sharp corrections in late January and late May, suggesting weak buying pressure. Funding rates remain positive while open interest in futures is at elevated levels, indicating concentrated leveraged positions and heightened risk of a squeeze.
"A Big Move is Coming"
Jiang added: "Everything points to: a big move is coming." This conclusion is based on the combination of ETF outflows, spot discount, and high leverage — conditions that historically precede significant market volatility.