Ethereum derivatives data shows pro traders are bearish, but for how long?

Ethereum derivatives data shows pro traders are bearish, but for how long?

The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment? Ether (ETH) lost the critical $3,000 psychological support level on April 11 after a 16% weekly negative performance. Bulls were definitively caught by surprise as $104 million in leveraged long futures got liquidated on April 11. Ether's downturn also followed a decline in the total value locked (TVL) in Ethereum smart contracts. Ethereum network TVL in ETH. Source: Defi LlamaThe metric peaked at 40.6 million Ether on Jan. 27, and has since dropped by....


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