[BiyaPay Analyst: Hedge Fund Short Positions Increase to $4.19 Billion, Ethereum Price May Continue to Face Downward Pressure] BlockBeats News, August 21 – BiyaPay analysts pointed out that Ethereum's recent failure to break through key resistance levels has led to a renewed downward trend in the market. The bearish pressure in this round of the market is primarily driven by large hedge funds, which have been continuously increasing their short positions on Ethereum and attempting to push down ETH prices to trigger stop-loss operations. According to The Block's 'CME Ether Futures Net Positioning' data, the current number of Ethereum short positions has reached unprecedented levels, indicating a strong market expectation for further declines in Ethereum prices. In particular, during August, hedge fund short positions on Ethereum nearly doubled, surging from $2.3 billion on August 5 to $4.19 billion. This shift suggests that institutional investors continue to bet on a sustained downward trend in Ethereum prices. In the current market environment, the increase in short positions is one of the main factors putting pressure on Ethereum's price. Amid this turbulent market situation, BiyaPay's multi-asset trading wallet will continue to provide users with one-stop services such as global remittances, cryptocurrency trading, and U.S. and Hong Kong stock investments, helping investors remain flexible in navigating complex markets. BiyaPay not only enables users to easily trade cryptocurrencies but also offers convenient and efficient solutions for global capital flows. Whether seeking investment opportunities in volatile markets or allocating assets in ever-changing conditions, BiyaPay empowers users to seize opportunities and ensure steady progress amid market fluctuations.