The Kobeissi Letter has recorded a record increase in short positions on Ethereum (ETH). According to experts, the number of bets against the second-largest cryptocurrency by market cap has increased by 40% in a week and by 500% since November 2024.
“Never before has the market seen such a volume of short positions on Ethereum,” the analysts note.
According to analysts, the extreme accumulation of shorts could lead to increased volatility in Ethereum in the coming weeks. This means that sudden drops and jumps in price could become the norm, as happened on February 3.
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