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JackYi: ETH may face a short squeeze market after November, WLFI has recently pumped 50% due to buyback and other factors.
According to Foresight News, Liquid Capital founder JackYi tweeted that “WLFI has risen 50% against the trend in the past few days. First, there is optimism about the stablecoin USD1 sector and prospects; second, the WLFI team is continuously investing in buybacks; third, the overall market and US stocks are also rebounding. From investment research data, ETH is facing large-scale shorting from multiple platforms and institutions. It is believed that after enduring the toughest November, it may welcome a short squeeze. Compared to ETH four years ago, the stablecoin / ETF / DAT / policy environment is completely different, and under this favourable information, ETH's price is severely undervalued.”