Ethereum whale shorts on Bitfinex hit 51-month high
- —ETH/USD shorts on Bitfinex reach highest level in 51 months
- —Metric shows aggregate open positions, not a single trader
- —Bitfinex data excludes positioning on Binance, OKX and Bybit
- —Crowded shorts raise the risk of a sharp short squeeze
Why it matters: The extreme short skew on Bitfinex raises the risk of a violent ETH squeeze, though it does not by itself guarantee a price drop.
Source: Bithub