The experts of The Kobeissi Letter said that the broadcasting broadcast is lagging behind the first cryptocurrency and other digital assets due to the increase in short positions with hedge funds.

Over the past few weeks, the air of shorts on the air increased by 40%, and since November 2024, the indicator has grown six times.

“Never in the history of hedge funds have kept so many short positions on the ether. Even close, ”the report says.

Analysts noted several significant bursts of trading in the market. One of them occurred on January 21, the day after the inauguration of US President Donald Trump took place. Then traders and investors responded to possible changes in the policy of the new White House administration. Another surge of the volume of bidding occurred on February 3, when the broadcast survived a significant sale in a wide decline in crypto.

However, despite the high turnover of trading and bursts of activity, the ether is still traded 45% lower than the historical maximum recorded in November 2021. As reasons, analysts called the market manipulation discussed in the community, as well as hedge and bear forecasts against the asset, although the new regulators are loyal to the second capitalization of cryptocurrency.

Earlier, experts of one of the largest American banks JPMorgan said that the broadcast continues to lose its market position due to increasing competition from alternative blockchains.