Numbers point to mounting short-selling pressure

Numbers point to mounting short-selling pressure

Following the short squeeze, Ethereum is seeing a sharp uptick in deposits to derivative exchanges, many of them exceeding 30,000 ETH per transaction, as shown in the chart.

The rise that began around June 13 signals swift trader repositioning. While some may be hedging spot exposure post-squeeze, the scale and timing of inflows point to increasing short-selling interest. 

If Ethereum’s price loses momentum, these inflows could lead to renewed bearish leverage, raising the risk of another sharp unwind.

In short, more market turbulence could be on the horizon.