Analysis: Hedge funds short Ethereum positions hit a new high, poised to trigger a short-term squeeze

On August 5th, short positions on Ethereum were at 2.3 billion USD, increasing to a record 4.19 billion USD after the price breakthrough. The net short positions in the ‘other’ category stood at -397.5 million USD.

Analysts forecast that the surge in short positions could cause a short squeeze, leading to increased price volatility for Ethereum in the near term.