Giant Whale JackYi: About 5 billion USD ETH short positions may trigger a short squeeze, and Ethereum is expected to reach 3000 USD

2025-06-11 17:30:07

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ChainCatcher news, LD Capital founder, whale JackYi published the simplest reason for being bullish on ETH on X: "The current CME short position is worth 1.3 billion USD, the AAVE short position is worth 1 billion USD, and the total short positions across various trading platforms are about 3 billion USD, totaling approximately 5 billion USD in ETH short positions that will be short-squeezed. This short squeeze may drive ETH to reach 3000 USD, or even 3500 to 4000 USD, which is the core reason for holding 100,000 ETH call options."

According to Coinglass data, the total open interest in Ethereum futures contracts across the network has reached 14.9397 million contracts, approximately 41.546 billion USD, with a 24-hour increase of 7.53%, setting a new historical high.

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