Crypto Market Dive: Short-Sighted Bets on Ethereum Raise Concerns

Recent cryptocurrency price drops have impacted major coins including Bitcoin, Ethereum, XRP, and others. Over $1.2 billion in long positions were liquidated across top crypto assets as market capitalization plummeted by $200 billion. This sudden decline has prompted analysts to question if the market might experience a rebound or a full-blown crash, particularly focusing on short-selling strategies involving Ethereum.