Hedge box has short positions in Ethereum: Does the short pressure come? star-news.press/wp

The last ETHEREUM race led to standard levels to a bullish wave approaching $ 5,000. However, this number has not been reached, because the sellers managed to control again, which pushed the price again to the bottom. It seems that a lot of this declining pressure is guided by the great hedge box, which is still betting on the second cryptocurrency through the market value with record numbers.

Short ETHEREUM levels

With the high price of ETHEREUM above $ 4000, short positions also increased, as many expect the gathering to lose momentum. Many of these short pants are driving the great hedge box, which helps to pay the ETHEREUM price down. This is not the first time, as the hedge box constantly tried to suppress the ETH price to reduce its losses.

According to the dashboard data “CME ETHER’s clear positions“On the bloc site, these short numbers rose to unprecedented levels. Only for the hedge box, short positions in August have doubled.

The site shows that the total number of short pants on ETHEREUM led by the hedge fund is $ 2.3 billion on August 5. However, this figure has grown at a speed of up to $ 4.19 billion at the time of the report, indicating that the hedge fund is still predicting the reduction of the ethereum price.

Other positions on ETH

Unlike the hedge box, heritage managers remained completely optimistic about Ethereum. The data indicates that it continues to hold long positions, and has risen more than $ 1.22 billion at the time of the report. Although it is an important fact, it is still less than the descending situations, indicating that the failure still prevails.

The non -reported attitudes are still positive for $ 77.5 million. Meanwhile, there is also the “others” category, which often includes young investors and the like, which is negative at -397.5 million dollars, adding more declining pressure.

For the hedge box, the higher the price of ETHEREUM, the losing their money, while the prices have decreased, the higher their number. However, with short levels in standard levels, historical performance indicates that such periods can lead to short pressure, with a high price high.

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