Ethereum short positions surge by 500%, the market may face a massive short squeeze!

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Recently, Ethereum (ETH) short positions have surged, attracting market attention. According to the Kobeissi Letter, in the past week, ETH short positions increased by 40%, and have grown by 500% since November 2024, reaching an all-time high. citeturn0search2

The surge in short positions means that a large number of investors are betting on a decline in ETH prices. However, if ETH prices unexpectedly rise, these shorts may be forced to cover their positions, leading to further price increases, creating what is known as a 'short squeeze'. citeturn0search1

Currently, the price of ETH is approximately $2645.14, down 0.99% from the previous trading day. The daily high was $2672.33, and the low was $2541.34.

Investors should closely monitor market dynamics and cautiously assess risks.

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