Ethereum short positions hit record high, may trigger short-term squeeze

According to news from HashiChain, recent reports indicate that after the price of Ethereum broke $4,000, the short positions of hedge funds rapidly increased from $2.3 billion on August 5 to $4.19 billion now, setting a new historical high. At the same time, the long positions held by asset management institutions reached $1.22 billion, with unreported positions at $39.75 million. Analysts point out that the currently high short positions may trigger short-term pressure, increasing price volatility.