WE-LaunchLD Capital Founder Jack Yi: In the current highly volatile market, both long and short strategies are difficult to execute. We have already deleveraged and are holding spot positions to observe the situation.
BlockBeats News, July 17th, LD Capital founder Jack Yi posted on social media, stating that ETH has seen a huge surge. His prediction of a "short squeeze on ETH" made a month ago has now become a reality. Amidst BTC's price consolidation, ETH broke through $3,000 and headed straight to $3,500. With the current market experiencing intense volatility where both long and short positions are difficult to operate, he has chosen to unwind leverage, hold spot positions, and patiently wait for further market developments.
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