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  • It was reported that Ethereum's short positions have surged over 500% since November last year.
  • Ethereum is forming a price range 45% lower than its all-time high, and significant volatility is expected.
  • Market experts analyzed that Ethereum suffered significant losses due to the aftermath of the trade war.
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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 sentiment towards the leading altcoin Ethereum (ETH) has worsened. The short positions (bets on price decline) for Ethereum in the futures market have reached an all-time high.

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

The Kobyashi Letter analyzed, "Due to the aftermath of the trade war, Ethereum fell by 37% in just 60 hours. The asset size evaporated in the market due to Ethereum's decline at that time 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 on the 3rd may continue."

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