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Yi Li Hua: ETH Faces Large-scale Short Selling by Multiple Platforms and Institutions, Likely to See a Short Squeeze Situation After November
BlockBeats News, November 26th, Liquid Capital (formerly LD Capital) founder Daniel Wang posted on social media: "WLFI has risen against the trend by 50% in the past few days. This is due to optimism about the stablecoin USD1 track and its prospects, continuous investment buyback by the WLFI team, and the rebound of the overall market and US stocks. From the research data, ETH has been heavily shorted by multiple platforms and institutions. I believe that after surviving the most difficult November, there may be a short squeeze ahead. Compared to ETH four years ago, in a much more favorable environment with stablecoins, ETFs, DeFi, and favorable policies, the price of ETH is severely undervalued."
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