It looks like plenty of whales are still bearish on $ETH and short $ETH.

0x8c58 deposited 3.74M $USDC in the past hour and shorted 18,394 $ETH($54.3M) with 15x leverage.

0x2258 deposited 3.25M $USDC 16 hours ago and shorted 16,219 $ETH($48M) with 25x leverage.

0xec4b shorted 13,845 $ETH($41.07M) with 15x leverage.

https://hypurrscan.io/address/0x8c5865689EABe45645fa034e53d0c9995DCcb9c9

https://hypurrscan.io/address/0x225864AD63BA66272cD6bE3E65476A2EBA48c215

https://hypurrscan.io/address/0xec4b17ad97b1a4af4f6160819d2244c888888888

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