ETH

ETH OI at 772,680 contracts, down -2.69% in 24h from peak of 799,198 contracts. Price declined from $2,019 to $1,979 (-2.0%) while OI decreased, indicating position unwinding rather than fresh short interest. Funding rate unavailable but liquidation map shows heavy long clusters at $2,096 (25x) and $2,056 (50x), creating squeeze risk on upside moves. Order book shows 2.15:1 ask/bid imbalance ($226K vs $105K depth), suggesting selling pressure. Volume profile POC at $1,974 aligns with current price action, indicating fair value discovery.