Cointelegraph••1 min read
Ether Positions Heavily 'Long' as Whale Accumulation Tightens ETH Supply
According to reports, Ether (ETH) positions are heavily skewed towards 'long,' with 70% of derivatives positioning net long. Whale accumulation has reportedly led to over $2 billion in Ether being accumulated, tightening the ETH supply. The leverage is said to be at record highs. The report raises the question of when the ETH price might experience a breakout, given the current market dynamics.
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