According to The Kobeissi Letter, Ethereum short positions have surged by 40% in one week and 500% since November 2024, marking an unprecedented level of bearish sentiment among Wall Street hedge funds. This significant increase in short positioning coincides with a 40% drop in Ethereum's value since December 16th, contrasting with a 15% decline in Bitcoin over the same period, indicating a targeted bearish focus on Ethereum. [Source: The Kobeissi Letter]

According to The Kobeissi Letter, short positioning in Ethereum has surged by 40% in the past week and 500% since November 2024, marking an unprecedented level of bearish sentiment by Wall Street hedge funds. This trend indicates a significant bearish outlook on Ethereum's near-term performance. Traders should note the potential for increased volatility and consider hedging strategies to protect their portfolios.