Crypto KOL Jiangzhuoer noted on X that ETFs continue to show selling, multiple institutions are reducing holdings simultaneously, and Coinbase market prices display a significant discount, falling back to levels seen before major corrections in late January and late May. Funding rates remain positive while open interest in futures is elevated, indicating concentrated leveraged positions. He concluded 'everything points to something big coming,' suggesting potential sharp volatility ahead.
Key Market Signals Summary
According to ChainCatcher, prominent crypto KOL Jiangzhuoer sounded an alert on platform X, highlighting multiple warning signals in the current market. ETFs continue to show persistent net selling, with multiple institutional products simultaneously reducing their holdings, indicating prudent sentiment among institutional capital.
Meanwhile, Coinbase market prices have developed a notable discount, falling back to the range seen before the sharp corrections in late January and late May of this year, suggesting increased spot selling pressure. Funding rates remain positive while futures open interest is at elevated levels, reflecting a concentration of high-leverage positions that could trigger cascading liquidations if the trend reverses.
Jiangzhuoer added, 'Everything points to: something big is coming.' These comments have sparked widespread discussion in the community, urging investors to closely monitor subsequent market developments.
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