Analysis: "Smart money" on the Hyperliquid platform is still betting on a short-term decline in ETH, with short positions increasing by $2.8 million in 24 hours.

Odaily Planet Daily News: According to data from blockchain intelligence platform Nansen, “smart money” (typically referring to the highest-earning group of traders) on Hyperliquid continues to bet on a short-term decline in Ethereum’s price. In the past 24 hours, short positions have increased by $2.8 million, bringing the platform’s total net short position on Ethereum to over $21 million. Furthermore, analysis shows that demand for ETFs—an important driver of Ethereum liquidity—remains insufficient. Data from Farside Investors shows that the spot Ethereum ETF has seen net outflows for two consecutive days as of this Friday, with approximately $75.2 million withdrawn and about $41.5 million in net outflows the previous day.