According to @santimentfeed, ETH has retraced to 3,700 dollars with visible trader panic, and funding-rate imbalance across exchanges has driven ETH's short-term direction over the past two months, source: @santimentfeed. When major longs dominate perpetual swap funding, corrections tend to follow, while when major shorts dominate, the probability of a bounce increases, source: @santimentfeed. Trading takeaway is to monitor exchange-wide funding-rate skew and align short-term bias with the observed relationship between crowding and price reactions, source: @santimentfeed. The price reference of 3,700 dollars and the funding-driven bias were reported on Oct 30, 2025, source: @santimentfeed.

According to the source, more than $346 million in crypto derivatives positions were liquidated over the last 24 hours, including $200 million from longs and $146 million from shorts. Source: the provided tweet dated Sep 26, 2025. In response to this two-sided liquidation, traders can prioritize reduced leverage, wait for funding rate and open interest stabilization, and watch spot-perp basis for confirmation before re-entering momentum trades.

According to Skew Δ (@52kskew) on Twitter, current Bitcoin ($BTC) market data shows a significant split between long and short positions, indicating heightened volatility and uncertainty in market direction. Traders should monitor funding rates and open interest closely, as these metrics suggest increased leverage on both sides, potentially leading to sharp price movements. Skew Δ's analysis highlights the importance of risk management strategies during periods of high leverage and suggests that a breakout or breakdown could result in liquidations, impacting BTC's short-term price action (source: twitter.com/52kskew, May 1, 2025).