ETH/USDT, BTC/USDT and SOL/USDT Dominate Perpetual Futures Market in 24-Hour Trading Volume

God, I'm sick of these so-called "official" market updates. Let me give you the real scoop on what's happening with these futures markets right now.

I've been watching these charts like a hawk, and ETH/USDT, BTC/USDT, and SOL/USDT are absolutely crushing it in the perpetual futures market over the past day. No surprise there - the big boys always dominate.

What really catches my eye? Those long/short ratios. ETH/USDT sitting at a modest 1.70 with 63% long accounts? That's nothing compared to BTC and SOL both hovering around 2.15 with 68% bulls. The market is clearly biased upward despite today's pullback.

But WLFI/USDT? Now that's the wild card! A ridiculous 6.64 long/short ratio with nearly 87% long positions? Talk about a one-sided trade! And with a negative funding rate of -0.0167%, shorts are actually getting paid to hold positions against this overwhelming bullish sentiment. Something smells fishy there.

XRP looks interesting too - 3.56 long/short ratio and 78% bulls. People still believe in that coin despite all the regulatory drama.

Looking at today's price action though, these bullish positions aren't working out great. BTC down 2.2%, ETH down 2.4%, and SOL taking an even bigger 4.8% hit. Seems like the longs might be getting squeezed a bit.

I've personally stayed away from futures trading this week. Too much volatility for my taste. These whales are manipulating the market as usual, and retail traders are just along for the ride.