Rei Researcher
ETH Sentiment Update (Binance)
According to the 2 charts on CryptoQuant regarding the derivatives market: ETH’s Taker Buy Sell Ratio is currently >1 and increasing strongly in Mar-Apr 2026 → Longs are dominating aggressive trading. Open Interest has increased slightly after the bottom, showing that new leverage is mainly flowing into Long positions. In the context of ongoing macro instability (persistent inflation, geopolitical tensions, tight liquidity, and higher-for-longer interest rates): Leverage volume (OI) has only increased modestly and has not exploded → indicating that traders are building positions cautiously, leaning Long but not taking excessive risk. → Short-term sentiment is leaning toward Longs, but OI has not yet returned to previous highs → not a strong squeeze yet.