What do the bears see?
The Kobeissi Letter added that Ethereum should not be viewed so negatively based on a number of data and fundamentals, including:
Ethereum has a high inflow of funds. Even when short positions expanded in December 2024, Ethereum had a huge inflow of funds in three weeks, and even set a record of $85.4 billion in a single week;
Ethereum’s trading volume has been strong, with a surge the day after U.S. President Trump’s inauguration and during the market crash in early February.
The Trump administration and regulatory agencies have shown a very friendly attitude towards Ethereum.
So, why are shorts still eager to short Ethereum? Possible reasons given by (The Kobeissi Letter) include: potential market manipulation; common risk hedging; and pessimistic expectations about Ethereum itself.
Well-known Ethereum OG liquidates Ethereum.
It is also worth mentioning that amidst the current FUD surrounding Ethereum, Qiao Wang, co-founder of the Web3 accelerator and founder community Alliance DAO, recently stated in a podcast that not only many investors but also many developers have turned to the public chain Solana. He himself, as an OG who has held Ethereum for ten years, has also completely liquidated this asset: Solana is easier to attract users, and for developers familiar with EVM, switching to Solana is not easy, as they need to learn an entirely new set of tools; but even so, they still feel it's worth it. I actually held Ethereum since the genesis block, but I liquidated everything last year. I held it for a full 10 years, and you can imagine holding an asset for 10 years, only to suddenly feel that its growth potential is almost exhausted.
$TRUMP $BERA $ATOM
#SEC质押 #鲸鱼再次买入VIRTUAL #以太坊回滚争议
