#ETH# 🚨 warning: Ethereum has a record number of short positions
This could trigger a massive short squeeze
The current market has an unprecedented level of short positions on Ethereum. Typically, this situation reflects a lot of pessimism in the market, with many traders expecting the price to fall and therefore choose to borrow and sell in an attempt to buy back for a profit when the price falls.
▪️ The basic mechanism of short squeeze
1. Accumulation of short positions:
At a time when market sentiment is extremely bearish, a large number of traders rush to open short positions. If this posi