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  • It was reported that Ethereum's short positions have surged to an all-time high.
  • Ethereum has increased over 500% since November last year, reaching 11,341 positions.
  • An analysis has emerged stating that Ethereum's price has fallen 45% from 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.

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

On the 10th, the cryptocurrency-focused media outlet Crypto Briefing reported, citing the Kobyashi Letter, that Ethereum short positions have surged over 500% since November last year, reaching 11,341 positions. 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 market saw over $1 trillion in asset value evaporate due to Ethereum's decline."

Furthermore, the Kobyashi Letter explained, "Currently, Ethereum is trading at a price level 45% lower than its all-time high in November 2021. With the recent increase in Ethereum short positions, volatility similar to that on the 3rd may continue."

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