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 News JackYi, the founder of LD Capital and a whale, published the simplest reason for ETH bullishness 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."
It was previously reported that JackYi, the founder of LD Capital, currently holds 100,000 ETH options long orders. Trend Research, a subsidiary of LD Capital, is openly bullish on ETH, currently holding 142,000 ETH, with a floating profit of $42.35 million. Trend Research said that the agency started to build long positions at ETH $1,400 this round, and wrote a research report at $1,800, becoming the first institution to be bullish on ETH.