$900 Million in Ethereum Shorts Mark Traders’ Response to ETH Price Drop Below $3,500

Ethereum (ETH) derivatives traders have reacted to the altcoin’s failure to sustain the $3,500 level by increasing their short positions. This surge in bearish bets suggests that a majority of traders anticipate further price declines for ETH. However, do other metrics align with this sentiment? This on-chain analysis explores whether these traders might be making the right call — or if the... source: https://beincrypto.com/ethereum-derivatives-traders-respond-to-price-drop/