LD Capital founder: About $5 billion of ETH short orders may lead to a short squeeze, and Ethereum is expected to reach $3,000

Odaily Planet Daily News LD Capital founder, whale JackYi published the simplest reason for ETH bullish on X, "Currently CME short positions are worth $1.3 billion, AAVE short positions are worth $1 billion, and short positions on various trading platforms are about $3 billion. A total of about $5 billion of ETH short orders will be forced to short, and the short squeeze may push ETH to $3,000, or even $3,500 to $4,000. This is the core reason for holding 100,000 ETH call options." Previously reported, LD Capital founder JackYi currently holds 100,000 ETH option long orders. Trend Research, a subsidiary of LD Capital, is openly bullish on ETH, currently holding 142,000 ETH and making a floating profit of $42.35 million. Trend Research said that the agency started to build long positions at $1,400 for ETH this round, and wrote a research report at $1,800, which was the first bullish among the institutions in the entire network.