According to Odaily, LD Capital founder JackYi recently expressed a bullish outlook on Ethereum (ETH) via X, citing significant short positions as a key reason. Currently, CME short positions are valued at $1. 3 billion, AAVE short positions at $1 billion, and various trading platforms hold approximately $3 billion in short positions, totaling around $5 billion. JackYi suggests that a short squeeze could drive ETH prices to $3,000, or even between $3,500 and $4,000
source: https://www.binance.com/en/square/post/25466995211545?utm_source=BinanceNewsRSS