Ethereum’s Comedy of Errors: Shorts Galore and the Squeeze is On!

The crux of this theatrical performance lies in the dissonance between the noble actions of the price and the sentiments of the traders. Darkfost, a contributor of some repute on X, notes with a wry smile that since the frost-melting days of February, approximately 350,000 ETH has been infused into open interest on Binance, now commanding a staggering 37% of the total market share. The mathematics of it all presents a delightful conundrum-over $1 billion, now swirling in the ether of Binance’s derivatives complex, and all while bears prepare for a long winter.





