Big money investors are betting against Ethereum (ETH), a type of cryptocurrency. This is happening even though many people are investing in Ethereum funds. Let's find out what's going on!
It's like a game of predicting the future price. Some are betting ETH will go down, others are betting it will go up.
Recently, lots of money went into Ethereum funds, but the price still dropped.
- Hedge funds bet big against Ethereum, setting a new record.
- Ethereum funds gained $420 million, but its price fell 20% to $2,657.
- The price drop is possibly linked to the bets against it.
- Bitcoin is doing much better than Ethereum this year.
| Fact | Number |
|---|---|
| Ethereum price drop (last month) | 20% |
| Money into Ethereum funds (last week) | $420 million |
| Increase in bets against Ethereum (since November) | 500% |
| Bitcoin's performance advantage over Ethereum (since 2024) | 12 times |
