ChainCatcher news, DeFi Report founder Michael Nadeau posted on X regarding the ETH market, stating:In the past few days, the open interest for ETH has increased by 40%, indicating a significant amount of leveraged long positions;The spot trading volume for ETH has surged from $4-6 billion per day to $15-18 billion, indicating real capital inflow;The funding rate has risen from 0.005% to 0.03%;In the past few days, the amount of ETH short liquidations has exceeded $85 million.In summary, there are signs of "real capital inflow, long position accumulation, and short squeeze" for ETH, driven by these three factors collectively pushing the price up.