Bitfinex ETH shorts double in 72 hours, signaling potential volatility despite Ethereum's price resilience.

Bitfinex has seen a sharp increase in Ethereum short positions by whale traders, doubling in just three days. This surge signals aggressive bearish positioning ahead of a possible volatility event, though Ethereum's price remains stable between $2,280 and $2,400. Historically, such spikes in shorts on Bitfinex have preceded strong volatility and short squeezes, meaning the market could see a rapid price move either down or up. Traders are watching closely as a breakout above $2,420 could trigger a short squeeze, while a breakdown below support may confirm bearish bets.