06:19
Analysis: Hedge funds' shorting positions on Ethereum hit a new high, which may trigger a short-term squeeze.
PANews news on August 20th, according to The Block, after the price of Ethereum broke $4,000 recently, the short positions of hedge funds surged, with the short scale reaching $2.3 billion on August 5th, now rising to $4.19 billion, a historical high. Meanwhile, asset management institutions hold long positions of $1.22 billion, with unreported positions being positive $77.5 million, and the net short in the "other" category being -$397.5 million. Analysts say that the high level of short positions may trigger a short-term squeeze, driving price fluctuations.
ETH-0.64%