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DeFi Report Founder: "The big pump of Ethereum is driven by three main reasons: real capital inflow + long positions increase + short positions squeeze."
ChainCatcher news, DeFi Report founder Michael Nadeau posted on X discussing the ETH market: 1. Over the past few days, the open interest of ETH has risen by 40%, indicating a large number of leveraged long positions; 2. The spot trading volume of ETH has surged from $4-6 billion per day to $15-18 billion, indicating real capital inflow; 3. The funding rate has risen from 0.005% to 0.03%; 4. Over the past few days, the liquidation amount of ETH short positions exceeded $85 million. In summary, the current ETH shows signs of "real capital inflow, long positions accumulation, and short positions squeeze," with a rise driven by these three factors.