ETH this wave of capital flow is a bit suspicious.

In the past 7 days, net outflow of major funds has approached $400 million, with $151 million leaving just in the past 24 hours alone. Such a level of withdrawal is usually not a good sign.

On the technical side, the price has broken through several key support levels, and multiple indicators are starting to turn bearish. If you've been monitoring on-chain data, you should have noticed that large addresses have been acting abnormally for a while — the AI monitoring system flagged an unusual signal of "major funds withdrawing" yesterday.

The current situation is actually quite awkward: holding onto positions might mean enduring greater drawdowns, but trying to bottom fish could easily get caught off guard.

My own approach is as follows:

Try a light short position in the 3230-3250 range, and avoid chasing highs. The first target is to cut half of the position around 3165; the second target is the round number 3000, at which point I’ll close all positions. Stop loss should be set above 3320; if it breaks that level, admit the mistake and exit.

When the trend clearly weakens, I generally don’t try to guess where the bottom is. The market signals are already clear — funds are leaving, prices are breaking support, and following the trend is much more rational than stubbornly holding on.

Not every dip is worth buying, and not every rebound is worth chasing. In trading, logic is more important than luck.