54551**
07/06 12:41
Record Shorts Could Trigger a Squeeze Interesting
Record Shorts Could Trigger a Squeeze
Interestingly, while accumulation surges, speculators on CME have built one of the largest short ETH futures positions in history, according to Barchart. This extreme bearish positioning has caught the attention of analysts who are now raising odds of a possible short squeeze scenario.
Quinten Francois adds further fuel to this view, pointing to a surge in Ethereum adoption and inflows via bridged assets and stablecoin usage on Artemis. This growing demand, with overloaded short positioning, creates the perfect setup for a forced short-covering rallyBacking this up, on-chain data displayed by Santiment also reveals a steady advancement in the holdings by wallet addresses with 1,000 to 100,000 ETH, indicating mid- to large-sized whales have been accumulating since mid-May.
Backing this up, on-chain data displayed by Santiment also reveals a steady advancement in the holdings by wallet addresses with 1,000 to 100,000 ETH, indicating mid- to large-sized whales have been accumulating since mid-May.
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