Ethereum Rise: Short Sellers Fall for a Dramatic Plot Twist

The data showeth that the derivatives traders on Binance have of late been most ardently disposed to bet against Ethereum throughout the recent rebound-and they continue to heap on those positions even as the price recedes. Cumulative net taker volume hath descended to approximately -$585 million, its deepest negative reading since March 27, when the measure stood about -$340 million. In the weeks between those two readings, the pressure of short-sellers hath not merely persisted-it hath, indeed, intensified.


