Traders Build Record $11.3 Billion Short Position on Ethereum Amid $2 Billion in Long Positions

Traders have established a record short position on Ethereum (ETH), amounting to $11.3 billion, marking the largest in history. This surge in short positions has raised speculation about a potential short squeeze in the market. As of recent reports, there are close to $2 billion in long positions on ETH, indicating a contrasting sentiment among traders. The growing disparity between long and short positions has created a tense atmosphere in the cryptocurrency market, with analysts closely monitoring for possible market movements.

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