Bitfinex’ short volume for Ethereum has reached a record level. Over the past week, it has increased by about 90 times.
Bitfinex is not among the largest exchanges by futures volume, but such a jump in shorts cannot be ignored.
Yesterday and today, in my reviews, I talked about the weakness of ETH and other major crypto assets.
At the same time, my medium-term outlook on the market remains positive.
$ETH #ETH