PANews reported on February 10 that according to monitoring by The Kobeissi Letter, Ethereum (ETH) short positions have surged 500% since November 2024 and increased 40% in the past week , setting a record high, showing the extreme bearish sentiment of Wall Street institutions on ETH. On February 2, ETH plummeted 37% in 60 hours , causing the total market value of the crypto market to evaporate by more than $1 trillion , but capital inflows remained strong. Since December 2024, ETH has inflows of up to $2 billion, with a maximum of $854 million in a single week . Despite Bitcoin's repeated record highs, ETH is still about 45% lower than its all-time high in 2021 , forming a huge gap. After the Trump administration came to power, the SEC's regulatory risk on ETH's securities attributes decreased , and even Eric Trump publicly called for ETH , but market sentiment remained depressed. The current market discussion on the reasons why ETH is being shorted on a large scale by institutions may involve market manipulation, institutional hedging strategies, or bearish expectations on ETH's development prospects . With the extreme accumulation of short positions, the market has begun to pay attention to whether ETH may experience a short squeeze , triggering a strong rebound.