On the 9th, Eric Trump, the second son of the U.S. President, posted on social media, strongly advising investors to stop shorting BTC and ETH. He directly stated that seeing "ETH shorts being crushed" was satisfying, predicting that short sellers would be mercilessly swept out of the market.
After the news was published, although short-term sentiment was optimistic, fund flows and large investor dynamics still showed market caution.
Warning of Shorts Being "Crushed"
Eric wrote in his post:
"Stop betting on shorting BTC and ETH - otherwise, you'll be ruthlessly run over by the market."
Eric's tough stance was not without reason. According to Coinglass, the recent crypto surge in the past 24 hours has led to over $130 million in short positions being forcibly liquidated, with ETH shorts suffering particularly significant losses.
Eric had previously called for "buying the dip" when BTC dropped below $113,000 and ETH pulled back by about 5% in late July, echoing a similar call in February this year that drove price increases.
