Ethereum just took a subtle stumble—a 2% dip that wiped out a hefty $82 million in longs, shaking up the market and making $3,000 look more like a ceiling than a launchpad. But here’s the kicker: despite this shakeout and the liquidations, Open Interest barely flinched, holding strong near record highs. That’s not your garden-variety weakness—it’s conviction. Big players like BlackRock have quietly scooped up nearly 51,000 ETH, signaling a strategic rotation of capital away from Bitcoin and into Ethereum’s domain. So, while the broader market catches its breath, someone’s doubling down. The question isn’t if the market’s priced this in yet—it’s what’s about to come next. Are we witnessing the calm before a major breakout, or simply a pause in the relentless climb? Strap in, because the data hints at a fascinating story brewing beneath the surface. LEARN MORE
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