Investment firm Hyper has reduced its Ethereum (ETH) short exposure by approximately $12.38 million, signaling a strategic shift in its cryptocurrency trading approach.
The significant reduction in bearish positioning on Ethereum reflects Hyper’s adjustment to the volatile market landscape, showcasing enhanced risk management protocols and portfolio realignment.
This move indicates a recalibration of the firm’s market outlook for the second-largest cryptocurrency, potentially tempering its previously bearish stance while maintaining flexibility amid ongoing price fluctuations.