LD Capital Founder: Approximately $5 Billion in ETH Short Positions May Trigger a Short Squeeze, Ethereum Expected to Reach $3000
LD Capital Founder, whale JackYi, published the simplest reason for being bullish on ETH on X, "The current CME short position is valued at $1.3 billion, AAVE short position is valued at $1 billion, and the total short positions across various trading platforms amount to about $3 billion. In total, approximately $5 billion in ETH short positions will be forced to cover, and this short squeeze may push ETH to $3000, or even $3500 to $4000. This is the core reason for holding 100,000 ETH call options."
