Founder of DeFi Report: "Real capital inflow + long position increase + short squeeze" and other triple reasons have driven the skyrocketing price of ETH

DailyNews

2025-05-12 08:03:47

Abstract generation in progress

Odaily News DeFi Report founder Michael Nadeau published an article on X discussing the ETH market.

In the past few days, the open contracts for ETH have increased by 40%, indicating a significant rise in leveraged long positions;
The spot trading volume of ETH has surged from 4-6 billion USD daily to 15-18 billion USD, indicating a real influx of capital.
The funding rate has risen from 0.005% to 0.03%;
In the past few days, the ETH short liquidation amount exceeded 85 million USD. In summary, the current ETH has shown signs of “real capital inflow, long position accumulation, and short squeeze,” with a triple reason driving the increase.

DEFI-6,91%

ETH6,33%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes