ETH shorts at record highs massive squeeze incoming or are bears finally right?

[CryptoNeed]

Just saw data showing leveraged ETH shorts hit all-time record levels. Over -13,000 contracts on CME futures. With BTC pushing past $120k into uncharted territory, why are so many traders betting against ethereum right now?
This has classic short squeeze setup written all over it. When these positions get liquidated could be epic face-ripper rally.

 

[memehunter]

when this thing explodes upward and shorts get rekt price gonna go absolutely crazy lol

 

[Bender]

would be rich if i got paid every time i heard squeeze coming soon. bears keep winning while we wait for some legendary rally that never shows up

 

[sk8er]

classic gambler fallacy vibes. roulette hits red 5 times, ur brain screams BLACK IS DUE. mortgage the house on black... boom red again finally give up and bet red... black hits

 

[cryptonit]

bears win because its not shorts versus longs its about understanding market dynamics better. people here screaming "eth undervalued" since last bull cycle like broken record. sure eventually eth will pump but stop pretending its gonna flip bitcoin next week

 

[coinhunter]

really hope these leveraged shorts get absolutely demolished when the squeeze finally happens

 

[btcinfo891]

face ripping rally incoming once all these overleveraged positions get liquidated simultaneously. gonna be beautiful carnage

 

[hack3rcon]

main reason for massive eth shorts is sophisticated basis trade strategies. institutional funds capturing 9.5% annualized returns by shorting cme futures while simultaneously buying spot eth for 3.5% staking yield. creates delta neutral position earning 13% total

 

[Bender]

but every time some trading pattern gets discovered by retail it works briefly then everyone gets destroyed. why is this particular strategy still profitable?

 

[CryptoDada]

If that analysis is accurate, these aren't actually bearish bets themn they're maintaining both long and short exposure while earning more from staking rewards than borrowing costs. Market neutral approach.

 

[CryptoNeed]

genuinely confused why people would short eth after recent momentum with solid weekly close. bitcoin in price discovery mode usually signals much higher prices ahead across crypto. so many bullish technical indicators right now
feels like sentiment way too negative when charts looking extremely strong. what am i missing here?

 

[goldkingcoiner]

bitcoin maxis probably shorting anything that isnt btc at this point. they so desperate and down bad they'd bet against eth even if it started outperforming. tribal nonsense makes no sense

 

[CryptoNeed]

honestly regret buying back in at $900. timed the bottom perfectly but every previous cycle we had proper altcoin season. afraid this time retail money went to nft mania and solana meme coin gambling instead
believe in ethereum fundamentals but bitcoin just has first mover advantage and institutional trust built up

 

[Major]

yeah feel your pain man. previously when btc reaches new all time highs people rotate profits into eth so it also hits ath few months later. pattern not happening this cycle and its honestly frustrating as hell

 

[root777]

completely agree with that sentiment. we consistently see shorts get liquidated during major price discovery phases. when btc pushing new highs eth dominance typically drops initially then slowly increases as eth catches up. dominance quite low currently

 

[marshal]

oil transactions no longer settled exclusively in dollars and foreign governments aggressively reducing usd exposure. personally wouldnt bet usa monetary system outlasts bitcoin long term anyway

 

[CryptoNeed]

worried that most altcoin pumps were fueled by retail stupidity, nft speculation, solana meme token spam etc. maybe institutional capital just stays with bitcoin and ethereum gets permanently left behind

 

[X-trader]

important to note this data reflects absolute position sizes. massive amounts of institutional money seeking passive yield through futures funding rates currently 0.005%-0.01% paid every hour. sophisticated market neutral strategies can generate 43-87% annual returns

 

[Radius]

seen similar delta neutral trades. leveraged fund short positions increasing relative to spot etf inflows. this dampens immediate impact of etf buying pressure but underlying spot accumulation remains fundamentally bullish

 

[Timmy98]

imagine the explosive price action when these massive short positions finally unravel and buying pressure gets unleashed. $10k ethereum honestly doesn't seem unrealistic anymore