ETH Short Squeeze Could Propel Prices to New Heights

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. This perspective aligns with his holding of 100,000 ETH call options. Previously, it was reported that JackYi holds a substantial number of ETH options. LD Capital's Trend Research division is also optimistic about ETH, currently holding 142,000 ETH with an unrealized profit of $42.35 million. Trend Research began accumulating ETH at $1,400 and was among the first to publish a bullish report when ETH reached $1,800.