🚨 Massive short positions are reportedly building on $ETH as traders brace for potential volatility ahead. 👀
Some see it as: ⚠️ Hedging by large institutions
⚠️ Macro uncertainty and rising yields
⚠️ Traders positioning for a major move
Others believe extreme short positioning can also increase the chances of a sharp short squeeze if momentum suddenly flips bullish. 🔥
Markets are now watching Ethereum very closely as volatility across crypto continues building.