Short positions in ether have grown over the past day as news spread that Grayscale Investments has scrapped plans to launch an Ethereum futures exchange-traded fund.



In the last day, the value of the cryptocurrency with the second-largest market cap fell by 1.96% to $3,006.



With $345 million worth of short positions set to be liquidated if the price of Ether rises by 3%, the liquidation maps reveal that traders are increasingly confident in the near-term decline of the price. However, long positions would only lose $237 million in the event that ETH dropped 3% to $2,920 or lower.



Grayscale withdrew its application for ETH-ETF futures three weeks before the US Securities and Exchange Commission (SEC) decision, making Ether trading activity especially noticeable.