Analysts – The Benefits of Undivided Scores of Grayscale Ethereum Mini Trust (ETH) Scores (ARCA:ETH) said Wall Street’s short positioning jump – “Extreme positioning” made ETH underperform.

Ethereum ETH/USD Witnessing an unprecedented jump in bearish bets by Wall Street hedge funds, which limits the upward potential of the second-largest cryptocurrency.

what happened: In Sunday’s X post, Capital Markets Commentator Kobeissi letter The brief positioning in Ethereum has soared by 40% since November 2024, while the staggering 500%.

“History has never been so true in history that there is no Ethereum and it has not been close,” Kobessie Xin said.

“Extreme positioning” has led to significant inadequate performance of Ethereum Bitcoin BTC/USDanalysis draws conclusions.

Indeed, Bitcoin surged more than 107% last year, while Ethereum grew 6%. In addition, Bitcoin’s market valuation is six times that of Ethereum

Kobeissi’s letters attributed to market manipulation, harmless cryptocurrency bearish outlook on Ethereum, which are some of the factors behind the surge in temporary positioning.

It warned that such a location could cause a dramatic crash, as witnessed last week amid trade war fears, which is more common.

See: Now his $775 million Bitcoin fortune is buried in a landfill and now wants to buy a garbage dump

Why it matters: Interestingly, the inflow of funds traded on the Ethereum Exchange remains strong even if the short-term increase is exposed. According to SOSO Value, net inflows per week exceeded $420 million last week, more than double that of Bitcoin.

Analysts are Morgan In a recent report, it pointed out that the report has increased competition from competitors Solana SOL/USD Other Layer 2 networks have been eroding Ethereum’s market share and threatening its long-term prospects.

Price action: At the time of writing, Ethereum exchanged hands for $2,644.83, down 0.63% in the past 24 hours, according to Benzinga Pro.

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Disclaimer: The content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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