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Hedge Funds Push Ethereum Shorts To Record High On CME

Hedge funds have pushed short positions on Ethereum futures to an all-time high on the Chicago Mercantile Exchange (CME), signaling bearish sentiment despite positive market trends, according to Beincrypto. This record comes as Ethereum sits above $4,000, with consistent inflows into spot ETFs, which amassed over $2 billion in three weeks, including a record $854 million weekly inflow. Analysts note that while short-term outlook appears cautious, long-term fundamentals remain strong, with Ethereum’s realized price upper band at $5,200 and network activity hitting multi-month highs.

Source: Beincrypto

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