📊 According to Cointelegraph:
ETH has just set a record for the highest short position with leverage in history – the sellers are extremely crowded and borrowing money to bet on a price drop.
🧠 General sentiment:
– Holders are confused, ETH is weaker than BTC & SOL.
– Not holding but still shorting, just waiting for ETH to break down to profit heavily.
→ Fear and impatience are spreading.
🎭 But remember:
When everyone is shorting → it’s easy to get squeezed back.
If the "Queen" suddenly decides to run to 4K then... everyone’s wallet will burn.
