Ethereum short-sellers' festival, or digging a pit for themselves?
ETH short positions have surged by 500% over the past 3 months, reaching an all-time high, as hedge funds aggressively ramp up shorting. However, ETH ETF inflows have turned around with $2 billion, setting a new record of $854 million in a single week!
After dipping to $2,540 during the day, ETH slightly rebounded to $2,640, and historical data shows that February has always been ETH's 'turnaround month'! Short-sellers think they have the upper hand, unaware that they are igniting a super short squeeze bomb!
