Lookonchain: Market Makers Hold $603M ETH BTC Shorts

Lookonchain data shows all major whales liquidated during the latest price surge, leaving market makers' hedging accounts as the dominant shorts with Abraxas Capital, Fasanara Capital and Wintermute collectively short 138569 ETH ($338M) plus 3425 BTC ($265M).

ETH trades at $2435.85 inside its Bollinger Band with upper resistance at $2516.49 and lower support at $2323.77 while the 50-EMA at $2230.43 and 200-EMA at $1999.14 anchor the bullish structure; despite the MACD death cross at 75.13 the RSI at 64.96 leaves room for continuation, yet price testing upper-band resistance with neutral momentum points to a probable retracement toward the 50-EMA support before any sustained move higher.