The Kobeissi Letter said in a post on X that ZeroHedge's new chart shows that Ethereum is facing record short selling by hedge funds, with the number of CME futures contracts hitting a new high of 11,341. Short positions on Ethereum have increased by 40% in one week and by 500% since November 2024.
It points out that the history of Ethereum shows a clear correlation between large short positions and subsequent price crashes.
Analysis: Ethereum short positions have increased by 40% in a week and by 500% since November.
2025-02-10 06:42:49
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