Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
BiyaPay Analyst: Hedge Fund Short Position Increases to $4.19 Billion, Ethereum Price May Continue to Face Downward Pressure
BlockBeats News, August 21st, a BiyaPay analyst pointed out that the recent Ethereum price failed to break through a key resistance level, leading to another round of market downturn. The bearish pressure in this round of the market is mainly driven by large hedge funds, which have been increasing their Ethereum short positions and attempting to trigger stop-losses by pushing down the ETH price. According to The Block's "CME Ether Futures Net Position" data, the current number of Ethereum shorts has reached an unprecedented level, indicating a strong market expectation for further downside in the Ethereum price.
Especially in August, hedge funds' Ethereum short positions nearly doubled, surging from $2.3 billion on August 5th to $4.19 billion. This change indicates that institutional investors continue to bet on the Ethereum price maintaining a downward trend. In the current market environment, the increase in short positions is one of the main factors putting pressure on the Ethereum price.
In the face of this turbulent market situation, the BiyaPay multi-asset trading wallet will continue to provide users with one-stop services such as global remittances, cryptocurrency trading, and U.S. and Hong Kong stock investments, helping investors remain flexible in a complex market. BiyaPay not only enables users to easily trade cryptocurrencies but also provides a convenient and efficient solution for global fund flows. Whether seeking investment opportunities in volatile markets or asset allocation in a changing market, BiyaPay empowers users to seize opportunities, ensuring steady progress amid market fluctuations.
You may also like
The Risk Management Core Team has just been ousted, and Aave is now facing a $200 million default.
The $293 million bug wasn't in the code; so, what's the deal with the "DVN Configuration Bug," which led to the largest hack of 2026?
a16z on Recruitment: How to Choose Between Crypto-Native and Traditional Talent?
The biggest DeFi heist of 2026, hackers easily took advantage of Aave
Will Robots Replace Humans? He Says No!
Binance Coin's Price Skyrockets 15x to All-Time High, Saved by Three Bull Market Lifelines
The organization has accessed the prediction market, but is stuck at the third stage
Head of crypto VC collective shrinks: a16z crypto fund management scale plummets by 40%, Multicoin cut in half
Arthur Hayes New Post: It's "No Trade" Time Now
Claude Opus 4.7 Review: Is It Worthy of the Title of Strongest Model?
DWF In-Depth Report: AI Outperforms Humans in Yield Farming Optimization in DeFi, But Complex Transactions Still Lag Behind 5x
The financial tricks of the crypto giant Kraken
When proactive market makers start to take initiative
Massive Whale Movement: Unstaking $84.96 Million in HYPE Tokens
Key Takeaways A crypto whale, known as TechnoRevenant, has unstaked approximately $84.96 million in HYPE tokens. The tokens…
ListaDAO Addresses Third-Party Contract Vulnerability Concerns
Key Takeaways GoPlus Security revealed a vulnerability in a contract resembling those of ListaDAO. ListaDAO confirmed that their…
Security Risks of Fake Ledger Nano S+ Devices Emerging Through Chinese E-Commerce
Key Takeaways Counterfeit Ledger Nano S+ devices are being sold on Chinese e-commerce platforms, posing significant risks to…
Wave of Cyber Attacks Hits DeFi Protocols Post-Drift Hack
Key Takeaways A significant $280 million attack on Drift Protocol set off a chain of security breaches across…
Tom Lee Says ‘Mini Crypto Winter’ Is Over, Sees Ether Above $60K
Key Takeaways: Tom Lee predicts Ether’s resurgence, projecting it to surpass $60,000 in the coming years. Bitmine suffered…
App