Ethereum Shorting: 10x Research Seeks Bullish Hedge in Bitcoin’s Rise

Ethereum prices dropped 5% in the last 24 hours, falling to $3,315, as the market volume surged to $71 billion. This decline comes amid a recommendation from 10x Research to short Ethereum as a potential hedge against Bitcoin’s growing dominance. According to the firm, structural risks within the Ethereum network and declining institutional demand are key factors driving this strategy. 10x Research highlights the increasing flow of capital towards Bitcoin, with Ethereum-focused companies facing capital constraints. This trend has led them to recommend shorting ETH as a way to mitigate exposure to the digital asset sector’s volatility.