Analyst Reveals Significant ETH Short Position

According to Odaily, cryptocurrency analyst Ai Yi (@ai_9684xtpa) recently disclosed a substantial short position in Ethereum (ETH). The analyst clarified that the current short positions in Bitcoin (BTC) and ETH are not intended as hedging strategies. The data indicates a total of 5,444.155 ETH, valued at approximately $19.82 million, has been shorted. The average opening price for these positions is $3,528.85, with a margin investment of $3.845 million.