<ul data-eligibleForWebStory="true"><li>Bitcoin traders bought the dip as its price bottomed, leading to a relief rally.</li><li>Ethereum traders have shown reactive behavior, going long after rallies and shorting after retracements.</li><li>Ethereum traders are more likely to be caught offside, entering long positions at tops and short positions at bottoms.</li><li>Exchange funding rates show traders' costs to maintain leveraged positions, with positive rates indicating bullish sentiment.</li><li>Overly bullish or bearish positions can precede market reversals.</li><li>Traders' overconfidence can signal local tops or bottoms.</li><li>Bitcoin currently reflects stronger bullish sentiment compared to Ethereum.</li><li>Ethereum may face downside risk if the pattern of short-term greed and fear persists.</li></ul>

What Traders Are Betting on for BTC and ETH, According to This Metric

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