Big news in the world of cryptocurrency! Hedge funds, which are like big investment groups, have been betting against Ethereum (ETH), the second biggest cryptocurrency after Bitcoin. This means they think the price of Ethereum might go down. But is it really a bad sign?
- Hedge funds have increased their bets *against* Ethereum by a lot.
- Some experts say this could lead to a big price jump if the bets are wrong.
- Other experts say this might not be as bad as it seems, because not everyone is betting against Ethereum.
| Fact | Number |
|---|---|
| Increase in bets against ETH in one week | 40% |
| Increase in bets against ETH since November | 500% |
| Ethereum's price now | $2,629 |
| Ethereum's price drop in 60 hours (Feb 2) | 37% |
