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  • It was stated that the investment sentiment towards Ethereum has worsened, with short positions reaching an all-time high.
  • Since November last year, Ethereum short positions have surged over 500%, and the price decline could continue to be volatile.
  • It was analyzed that the current Ethereum price is 45% lower than its all-time high.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

It seems that the investment sentiment towards the leading altcoin Ethereum (ETH) has deteriorated. The short positions (bets on price decline) in the Ethereum futures market have reached an all-time high.

On the 10th, the cryptocurrency-specialized media Crypto Briefing reported, citing the Kobyashi Letter, that Ethereum short positions have surged over 500% since November last year, reaching 11,341 contracts. This is an all-time high.

The Kobyashi Letter analyzed, "Due to the aftermath of the trade war, Ethereum fell by 37% in just 60 hours. At that time, the asset scale evaporated by the decline of Ethereum in the market was over 1 trillion dollars."

Furthermore, the Kobyashi Letter explained, "Currently, Ethereum is forming a price range 45% lower than its all-time high in November 2021. With the recent increase in Ethereum short positions, volatility like that of the 3rd may continue."

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