Is Ethereum Ready for a Massive Short Squeeze?

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Spot Ethereum prices continue to crumble as short positions in the asset from hedge funds surge along with the potential for a short squeeze. 

Short positions on ETH have increased dramatically by about 40% in one week and 500% since November, resulting in record levels.

“Never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even close,” exclaimed the Kobeissi Letter on Feb. 10.


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