CME Records All-Time High Ethereum Shorts Driven by Hedge Funds

BE[IN]CRYPTO12-15

Hedge funds have reached an all-time high in short positions against Ethereum on the CME. This comes as spot Ethereum exchange-traded funds (ETFs) experience inflows of more than $2 billion. Ethereum’...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491574040?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2024/09/bic_ethereum_ETF-covers_neutral_1-850x479.jpg.optimal.jpg","is_english":true,"pubTime":"2024-12-15 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491574040","market":"us","top_or_hot":-1,"title":"CME Records All-Time High Ethereum Shorts Driven by Hedge Funds","media":"BE[IN]CRYPTO","content":"<div>\n<p>Hedge funds have reached an all-time high in short positions against Ethereum on the CME.\nThis comes as spot Ethereum exchange-traded funds (ETFs) experience inflows of more than $2 billion.\nEthereum’...</p>\n\n<a href=\"https://beincrypto.com/hedge-funds-short-ethereum/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CME Records All-Time High Ethereum Shorts Driven by Hedge Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCME Records All-Time High Ethereum Shorts Driven by Hedge Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-15 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/hedge-funds-short-ethereum/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge funds have reached an all-time high in short positions against Ethereum on the CME.\nThis comes as spot Ethereum exchange-traded funds (ETFs) experience inflows of more than $2 billion.\nEthereum’...</p>\n\n<a href=\"https://beincrypto.com/hedge-funds-short-ethereum/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QETH","symbol_name":"Invesco Galaxy Ethereum ETF","start_time":0,"source_url":"https://beincrypto.com/hedge-funds-short-ethereum/","article_id":"2491574040","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/09/bic_ethereum_ETF-covers_neutral_1-850x479.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491574040","pubTimestamp":1734275700,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Hedge funds have reached an all-time high in short positions against Ethereum on the CME.This comes as spot Ethereum exchange-traded funds  experience inflows of more than $2 billion.Ethereum’s price remains subdued, failing to break above $4,000, even as its network activity surges.Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange , driving these positions to an all-time high.This development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment.Ethereum Faces Record Short Bets Despite Bullish ETF Inflows. Over the last three weeks, Ethereum ETFs have recorded consistent inflows, amassing over $2 billion in new funds. According to SpotOnChain data, this streak included a record-breaking weekly inflow of $854 million, the highest since the product’s launch. These developments have sparked optimism among some market participants.As a resu","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QETH":"Invesco Galaxy Ethereum ETF","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4588":"碎股","CME":"芝加哥商品交易所","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","BK4561":"索罗斯持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","BK4112":"金融交易所和数据","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4601":"加密货币现货ETF","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","EZET":"Franklin Ethereum Etf","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","ETHV":"Vaneck Ethereum ETF","BK4585":"ETF&股票定投概念","FETH":"Fidelity Ethereum Fund","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","BK4566":"资本集团","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","CETH":"21Shares Core Ethereum ETF","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD"},"translate_title":"CME在对冲基金的推动下创下以太币空头历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QETH":1,"FETH":1,"EZET":1,"ETHV":1,"CME":1,"CETH":1},"content_text":"Hedge funds have reached an all-time high in short positions against Ethereum on the CME.\nThis comes as spot Ethereum exchange-traded funds (ETFs) experience inflows of more than $2 billion.\nEthereum’s price remains subdued, failing to break above $4,000, even as its network activity surges.\n\nHedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high.\nThis development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment.\nEthereum Faces Record Short Bets Despite Bullish ETF Inflows\nOver the last three weeks, Ethereum ETFs have recorded consistent inflows, amassing over $2 billion in new funds. According to SpotOnChain data, this streak included a record-breaking weekly inflow of $854 million, the highest since the product’s launch. These developments have sparked optimism among some market participants.\nEthereum ETF Flows. Source: SpotOnChain\nHowever, this inflow of funds has not translated into a significant price rally for Ethereum. Instead, the cryptocurrency’s price performance remains subdued, raising questions among investors.\nAnalysts attribute this to the increasing net short positions in CME Standard Ethereum Futures contracts, which reached a record 6,349 contracts, according to data from Zerohedge. These short positions are typically used to profit from price declines, signaling a cautious outlook on Ethereum’s short-term potential despite the broader market’s enthusiasm.\nHedge Funds Short Ethereum Position. Source: X/Zerohedge\nWhile hedge funds bet against Ethereum, long-term market sentiment remains positive. Many traders anticipate Ethereum could surpass its previous all-time high because its market fundamentals remain strong.\nIndeed, blockchain data from CryptoQuant suggests Ethereum’s realized price upper band sits at $5,200, indicating the potential for upward movement as supply-demand dynamics evolve.\n\n“The realized price upper band, currently at $5.2k, matches the level seen during the 2021 bull run peak, signaling strong potential for further growth,” the firm stated.\n\nMoreover, Ethereum’s network activity reflects sustained interest. Analytics platform Santiment reports that over 130,000 new Ethereum addresses were created daily in December, marking an eight-month high. \nEthereum Network Activity. Source: Santiment\nAs a result, IntoTheBlock data shows that Ethereum’s weekly transaction fees surged to $67 million, their highest since April, driven by robust DeFi activity and market adjustments following a recent $100,000 market retracement.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nWirex\nExplore\n                      \n\n\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nPhemex\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nWirex\n\n\n\n\n\n\n\n\nYouHodler\n\n\n\n\n\n\n\n\nPhemex\n\n\n\n\n\n\n\n\nMargex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491574040"}