火星财经消息，2 月 10 日，全球市场宏观评论杂志《Kobeissi Letter》今日分享称，以太坊的空头仓位在一周内增长了 40%，自 2024 年 11 月以来更是飙升 500%。华尔街对以太坊的做空规模前所未有，甚至远超以往任何时候。 已经看到了这种极端空头仓位的影响——2 月 2 日，以太坊在 60 小时内暴跌 37%，恰逢贸易战相关新闻出现。这种暴跌几乎类似于 2010 年股市的「闪崩」，但当时并没有明确的新闻催化剂。整个加密市场在短短几个小时内蒸发超 1 万亿美元。 尽管 2024 年 12 月空头头寸迅速增加，以太坊仍然吸引了大量资金流入。仅 3 周内，ETH 资金流入超 20 亿美元，其中单周流入创纪录达 8.54 亿美元。然而，对冲基金依然在大举做空，试图压制 ETH 的上涨，并限制突破行情。

<div>火星财经消息，2 月 10 日，全球市场宏观评论杂志《Kobeissi Letter》今日分享称，以太坊的空头仓位在一周内增长了 40%，自 2024 年 11 月以来更是飙升 500%。华尔街对以太坊的做空规模前所未有，甚至远超以往任何时候。 已经看到了这种极端空头仓位的影响——2 月 2 日，以太坊在 60 小时内暴跌 37%，恰逢贸易战相关新闻出现。这种暴跌几乎类似于 2010 年股市的「闪崩」，但当时并没有明确的新闻催化剂。整个加密市场在短短几个小时内蒸发超 1 万亿美元。 尽管 2024 年 12 月空头头寸迅速增加，以太坊仍然吸引了大量资金流入。仅 3 周内，ETH 资金流入超 20 亿美元，其中单周流入创纪录达 8.54 亿美元。然而，对冲基金依然在大举做空，试图压制 ETH 的上涨，并限制突破行情。</div>

数据：以太坊空头仓位一周内增长40%，自去年11月以来飙升500%

According to the news from Mars Finance, on February 10, the global macro commentary magazine "Kobeissi Letter" shared that the short positions on Ethereum have increased by 40% in a week, and have even soared by 500% since November 2024. The short-selling scale of Ethereum on Wall Street is unprecedented, far exceeding any previous time. The impact of such extreme short positions has already been seen - on February 2, Ethereum plummeted 37% within 60 hours, coinciding with the news related to the trade war. This plunge was almost similar to the "flash crash" of the stock market in 2010, but there was no clear news catalyst at that time. The entire cryptocurrency market evaporated more than $1 trillion in just a few hours. Although the short positions increased rapidly in December 2024, Ethereum still attracted a large amount of capital inflow. Within just 3 weeks, the capital inflow to ETH exceeded $2 billion, with a record-breaking single-week inflow of $854 million. However, hedge funds are still heavily <short>, trying to suppress the rise of ETH and limit the breakout.

According to Kobeissi Letter, a global macroeconomic commentary magazine, the short positions on Ethereum have increased by 40% in a week, and have surged by 500% since November 2024. The short positions on Ethereum on Wall Street are unprecedented, even exceeding any previous time. The impact of such extreme short positions has already been seen - on February 2, Ethereum plummeted 37% within 60 hours, coinciding with news related to the trade war. This plunge was almost similar to the "flash crash" in the stock market in 2010, but there was no clear news catalyst at the time. The entire cryptocurrency market evaporated over $1 trillion in just a few hours. Although the short positions increased rapidly in December 2024, Ethereum still attracted a large inflow of funds. Within just 3 weeks, the inflow of funds into ETH exceeded $2 billion, with a record weekly inflow of $854 million. However, hedge funds are still heavily <short>, trying to suppress the rise of ETH and limit the breakout.

Data: Ethereum short positions increased 40% in a week and soared 500% since November last year

Odaily reports that according to a chart report released by the cryptocurrency market research firm Santiment, the market capitalization of Ethereum has fallen 36% from its local high point 7 weeks ago, leading to a sharp decline in the number of ETH in profit. Based on daily closing data, the current profitability ratio of ETH has reached a 4-month low, and the number of profitable tokens has also dropped to a 3-month low. As the second-largest cryptocurrency by market capitalization, Ethereum has underperformed other major cryptocurrencies, and the market sentiment has fallen significantly into negative territory. Although the market is currently filled with FUD and retail investors continue to sell, once the cryptocurrency market stabilizes, Ethereum may see an unexpected rebound.

Santiment: Ethereum has fallen 36% from its local highs. If the market stabilizes, it may see an unexpected rebound

Odaily reports that according to Matrixport's chart released today, Ethereum spot ETFs have seen inflows of $500 million since late January, but the ETH price has not rebounded significantly. This indicates that although the gains from the previous Trump election rally in November have largely been given back, selling pressure in the market remains strong. However, the interest of long-term value investors appears to be heating up, with even members of the "World Financial Freedom" organization expressing their focus on ETH. Looking ahead, the Ethereum network upgrade in March could be a potential catalyst, but the market reaction has been relatively muted, in contrast to the enthusiastic atmosphere seen in previous upgrades. Currently, the market generally believes that this upgrade is unlikely to drive a major rally. In the absence of clear positive news, the ETH price may continue to be under pressure, and Ethereum's market share has already dropped to 10%.

Matrixport: The market generally believes that the Ethereum upgrade in March will not drive a big market

According to SoSoValue data, the Ethereum spot ETF had a net inflow of $420 million in the past trading week (February 3 to February 7, Eastern Time). The Ethereum spot ETF with the highest net inflow last week was Blackrock's Ethereum ETF <ETHA>, with a weekly net inflow of $287 million. The total historical net inflow of <ETHA> has now reached $4.42 billion.