Jack Yi, founder of LD Capital, posted on X, stating: Being bullish on ETH is a matter of trend investing and research. Sudden black swan events are a normal phenomenon in finance. Someone once warned me to be mindful of war, and I didn’t expect Israel to act so decisively. I hope world peace is not just an empty slogan. After the turmoil subsides, I remain bullish on ETH and will continue to hold spot positions.
Previously, Jack Yi posted a bullish outlook on ETH, noting that there are $1.3 billion in CME short positions, $1 billion in AAVE shorts, and at least $3 billion across various exchanges, totaling $5 billion in ETH short positions that could be forced to cover. In a short squeeze scenario, ETH reaching $3,000, $3,500, or even $4,000 is highly possible. This is the core reason for buying 100,000 ETH options.