Ethereum (ETH) faces significant downward pressure today, with a 24-hour decline of 4.86%. Interestingly, this drop is not driven by aggressive short sellers dumping assets, but rather by the continuous shrinking of open interest, which precisely indicates that leveraged longs are being forced to close their positions. Crypto analysts' data shows that when positions rapidly decrease, it usually means liquidations are happening, rather than large funds maliciously shorting. In other words, the downward momentum comes from stop-losses and margin calls by leveraged traders, not sustained short attacks. In this scenario, the contraction of open interest acts as a market self-healing signal.