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Ethereum shows strong whale buying amid rising short squeeze risk despite bearish retail sentiment

Market News
31 May 2026
Blockonomi
View Source
Bullish
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Ethereum (ETH) price remains stable near the lower end of its range despite growing short interest above current levels, signaling a potential short squeeze. Large holders (whales) continue accumulating ETH even during price dips, contrasting with cautious retail traders who expect further declines. This divergence between whale bullishness and retail bearishness highlights a complex market dynamic, suggesting that significant buying pressure could trigger a price rebound if shorts are squeezed. Investors should watch for a possible breakout driven by whale activity and liquidity pools above the spot price.

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