Top Traders Increase ETH Longs as Market Searches for a Bottom

[mendez]

Despite ETH’s sharp correction, OKX top traders increased long exposure as prices fell from $3,200 to $2,700.
Derivatives desks now view $2,650 as a potential bottom, supported by Nvidia’s strong earnings and expectations of near-term rate cuts, per the NY Fed.
Still, analysts warn that a move back to $3,200 likely requires renewed spot ETF inflows and clearer monetary-policy signals.

[Rimon Khan]

Smart money positioning early often signals a reversal forming.

[Nahid Hossen]

Bottom fishing begins when fear hits max — classic setup.