Critical Warning for This Altcoin: Whales Are Turning to Short Positions

However, the total open interest in the Ethereum futures market remains high, at approximately 10.58 million $ETH. According to Wedson, the significant amount of leveraged positions still present in the market leaves Ethereum vulnerable to a new wave of forced liquidations.

According to Wedson, the fact that the total amount of open positions remains high despite position changes by large investors raises concerns that liquidations could trigger each other in the event of sharp price movements.

*This is not investment advice.