Founder of DeFi Report: Triple reasons including "real capital inflow + long positions + short squeeze" drove the surge in ETH

Odaily Planet Daily News DeFi Report founder Michael Nadeau wrote an article on X about the ETH market: 1. ETH's open interest has increased by 40% in the past few days, which means a large number of leveraged longs have appeared; 2. ETH's spot trading volume has jumped from $4-6 billion per day to $15-18 billion, which means real capital inflows; 3. The funding rate has risen from 0.005% to 0.03%; 4. The ETH short liquidation amount exceeded $85 million in the past few days. In short, ETH currently shows signs of "real capital inflows, long positions, and short squeezes", and the rise is driven by three reasons.