Ethereum price breaks $4000, hedging funds' short positions surge to a record high of $4.19 billion.

[Chain News] On August 20, it was reported that after the price of Ethereum broke through $4,000, hedge funds' short positions surged. On August 5, the scale of short positions reached $2.3 billion and has now risen to $4.19 billion, setting a new historical high. Meanwhile, asset management institutions hold long positions of $1.22 billion, with unreported positions at positive $77.5 million, and net shorts in the "other" category at -$397.5 million. Analysts say that the high level of short positions may trigger a short-term squeeze, driving price fluctuations.