Analysis: Hedge funds' shorting positions on Ethereum hit a new high, which may trigger a short-term squeeze.

PANews, August 20 - According to The Block, following Ethereum's price surpassing $4,000, hedge funds have significantly increased their short positions. On August 5, the size of short positions reached $2.3 billion and has now risen to $4.19 billion, a historical high. Meanwhile, asset management institutions hold long positions amounting to $1.22 billion, with unreported positions at $77.5 million, and net shorts in the "other" category at -$397.5 million. Analysts suggest that the high level of short positions may trigger short-term squeezes, driving price fluctuations.