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Meilin (美林 / 美琳)
Meilin (美林 / 美琳)
$ETH shorts are sitting on serious profits, but something is changing. Despite the bearish positioning, fresh buying is now outweighing selling. That's worth paying attention to. Bears still have the upper hand, but they're also sitting on a crowded trade with plenty of profits to protect. I'm leaning bearish until buyers prove they can sustain the pressure. But chasing shorts here could get ugly if those profitable bears start closing positions.

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