以太坊（ETH）短定位在一周内飙升40％，自2024年11月以来为500％：Kobeissi Letter

以太坊ETH/USD见证了华尔街对冲基金的看跌赌注前所未有的，限制了第二大加密货币的上升潜力。

Wall Street hedge funds are betting heavily against Ethereum (CRYPTO: ETH), with short positioning surging by 40% in just one week and a whopping 500% since November 2024.

华尔街对冲基金对以太坊（Crypto：ETH）进行了大量投注，自2024年11月以来，短短一周内的位置飙升了40％，高达500％。

This marks an extreme level of bearishness toward the second-largest cryptocurrency, according to an analysis by capital markets commentator The Kobeissi Letter.

根据资本市场评论员The Kobeissi Lettle的分析，这标志着对第二大加密货币的极端看跌。

“Never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even close,” the commentary stated.

评论说：“历史上从来没有华尔街对冲基金如此之所以缺乏以太坊，甚至还没有接近。”

Ethereum has significantly underperformed Bitcoin (CRYPTO: BTC) in recent months, with Bitcoin surging over 107% in the last year compared to Ethereum's 6% gain.

近几个月来，以太坊的表现明显不足，比特币（Crypto：BTC）的表现不足，去年比特币飙升了107％以上，而以太坊的增长率为6％。

Bitcoin's market valuation was also six times more than Ethereum's as of Friday.

截至周五，比特币的市场估值也是以太坊的六倍。

The Kobeissi Letter suggests that market manipulation, harmless cryptocurrency hedges, and a bearish outlook on Ethereum could be driving the surge in short positioning.

Kobeissi信件表明，市场操纵，无害的加密货币对以太坊的看法可能会促进短暂的位置。

However, such positioning could amplify market crashes, like the one seen last week amid trade war fears, to become more frequent, the commentary warned.

但是，这种定位可能会扩大市场崩溃，就像上周在贸易战担心的情况下看到的那样，变得越来越频繁。

Despite the increasing short exposure, inflows into Ethereum exchange-traded funds (ETFs) remained strong.

尽管暴露短暂，但流入以太坊交换基金（ETF）的流入仍然很强。

Weekly net inflows stood at over $420 million in the last week, which was more than double that of Bitcoin, according to SoSo Value.

根据SOSO价值，上周每周的净流入量超过4.2亿美元，这是比特币的两倍多。

However, total assets under management for Bitcoin ETFs were still significantly higher at $3.2 billion compared to $2.4 billion for Ethereum ETFs.

但是，比特币ETF的管理总资产仍然显着高于32亿美元，而以太坊ETF的总资产为24亿美元。

Recently, analysts at JPMorgan (NYSE:JPM) noted in a report that increased competition from rival blockchains like Solana (CRYPTO: SOL) and other Layer-2 networks was eroding Ethereum's market share and threatening its long-term prospects.

最近，摩根大通（NYSE：JPM）的分析师在一份报告中指出，诸如Solana（Crypto：Sol）和其他第2层网络等竞争对手区块链的竞争正在侵蚀以太坊的市场份额，并威胁到其长期前景。