𧔠Are ETH shorts truly in control or setting up for a squeeze?
đ”ETH dropped from $2,420 to a wick low of $2,290, about 5.4% in 3 days.
1ïžâŁ 24h liquidations: ETH $55M vs BTC $61M, almost matching but with a hugely different market cap
đ Shorts are extremely crowded
2ïžâŁFunding rate stays negative
đ Shorts are paying longs to stay open
3ïžâŁ Long/Short ratio dipped below 1 multiple times
đShorts clearly dominating
4ïžâŁ ETH spot ETF saw $75M net outflows yesterday, snapping a 10-day inflow streak.
đInstitutional is briefly pausing.
With positioning skewed to the short side, any catalyst could trigger a squeeze.
If macro improves or ETF inflows resume, and these crowded shorts become rocket fuel.
Rewrite this
$ETH
đ”ETH dropped from $2,420 to a wick low of $2,290, about 5.4% in 3 days.
1ïžâŁ 24h liquidations: ETH $55M vs BTC $61M, almost matching but with a hugely different market cap
đ Shorts are extremely crowded
2ïžâŁFunding rate stays negative
đ Shorts are paying longs to stay open
3ïžâŁ Long/Short ratio dipped below 1 multiple times
đShorts clearly dominating
4ïžâŁ ETH spot ETF saw $75M net outflows yesterday, snapping a 10-day inflow streak.
đInstitutional is briefly pausing.
With positioning skewed to the short side, any catalyst could trigger a squeeze.
If macro improves or ETF inflows resume, and these crowded shorts become rocket fuel.
Rewrite this
$ETH