Market leverage surges, Ethereum bears hit record highs
2024-11-23 22:38:31
Ethereum futures position squaring more than $20 billion record highlightdesk3cryptocurrencydesktopCrypto News
The unpositioned squaring contract for Ethereum futures has surpassed $20 billion, hitting a new high, highlighting the heightened speculative activity. The rise in short positions indicates that more and more traders are betting on Ethereum's price falling. At the same time, the estimated leverage ratio (ELR) has peaked, reflecting a greater reliance on borrowed funds - an approach that amplifies the possibility of a quick liquidation.
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