Wall Street’s Ethereum Short Positioning Skyrockets — The ‘Extreme Positioning’ Has Caused ETH To Underperform Bitcoin, Says Analyst
Posted On February 10, 2025
Ethereum (CRYPTO: ETH) witnessed an unprecedented jump in bearish bets by Wall Street hedge funds, limiting the second-largest cryptocurrency’s upside potential.
What Happened: In an X post on Sunday, capital markets commentator The Kobeissi Letter highlighted that short positioning in Ethereum has surged by 40% in just one week and by a staggering 500% since Nov. 2024.
“Never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even close,” The Kobeissi Letter stated.
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