Ethereum CME short positions have reached another ATH.

It went down a lot after ETH pulled nearly 2x in a month.

But bears are back to shorting ETH again.

Some of these shorts are definitely delta-neutral strategy, as they own a big bag of spot.

But most of them are just short positions as ETH is now going through a correction.

It would be really interesting if we see short-squeeze round 2.0