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📰 News and Market Updates 📰
Record short positions on $ETH through the CME exchange, hedge funds are going all-in with a potential 9.5% annualized yield. Current price: 3067.29, 4% increase in the past 24 hours. Market cap: 370 billion.
Metrics show a significant increase in volume over the past 24 hours, 110.9% change. However, the 1-hour and 4-hour volume changes are in the red, -6.7% and -2.99% respectively.
Watching this closely, as the record short build-up may put downward pressure on $ETH's price. But I'm still bullish long-term. Keep an eye on the charts, folks.
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