Big investors are making some interesting moves with Ether (ETH), a type of cryptocurrency like Bitcoin! They're betting it might go down in price, but it's a bit complicated.
Some are doing this to profit from price differences between different places where you can buy Ether. Others might really think the price will drop.
- Many investors are betting against Ether's price.
- Some are using a strategy to profit from price differences.
- Others might be worried about Ether's price dropping.
| Fact | Number |
|---|---|
| Net short position in Ether futures (week ending Feb 4) | 11,341 contracts |
| Increase in short positions since November | 500% |
| Increase in short positions in one week | 40% |
| Increase in short positions (dollar amount) | ~$470 million |
| Inflow into spot ETH ETFs | ~$480 million |
It's hard to say for sure what will happen to Ether's price. Some think it might go down, while others are more optimistic about the long term.
