On July 10, Matrixport posted that the Ethereum (ETH) futures position is showing a long trend. Despite the price correction, the long position in ETH futures has increased from 2.7 million ETH to 3.1 million ETH since the market rose on May 20. This indicates that futures traders expect the Ethereum ETF to be approved soon. Even if the spot price has not yet reflected this sentiment, the market sentiment is still bullish, and this time it may not trigger a "sell news" event.