Ethereum short positions surged 500%, and the market may face a large-scale short squeeze!

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Recently, Ethereum (ETH) short positions have surged, attracting market attention. According to the Kobeissi Letter, ETH's short positions have increased by 40% in the past week, and have increased by 500% since November 2024, setting a record high. citeturn0search2

The surge in short positions means that a large number of investors are betting on a fall in ETH prices. However, if ETH prices rise unexpectedly, these shorts may be forced to cover their positions, causing prices to rise further, forming the so-called "short squeeze". citeturn0search1

Currently, the price of ETH is about $2,645.14, down 0.99% from the previous trading day. The highest price of the day was $2,672.33 and the lowest price was $2,541.34.

Investors should pay close attention to market dynamics and carefully assess risks.

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