A wave of losses hit traders shorting Ether, with $105 million in short positions liquidated as the cryptocurrency surged past $4,000 — its highest level in eight months. Amid the rally, Eric Trump took to social media to caution investors against betting against Bitcoin and Ether, telling his 5.8 million followers to “stop betting” on declines.
Ether’s strong rebound shakes out shorts
Ether’s price rally, driven by renewed investor confidence and optimism around Ethereum’s upcoming upgrades, caught many traders off guard. The sudden surge triggered a cascade of liquidations in the derivatives market, wiping out $105 million in short positions. Market analysts noted this as a significant indicator of bullish momentum returning to the crypto sector.
Eric Trump’s message to crypto sceptics
Eric Trump, son of former US president Donald Trump, used his large social media platform to address the recent market action. Posting a direct message to his followers, he urged caution against “shorting” or betting against major cryptocurrencies. His remarks come as part of a broader trend of high-profile figures endorsing digital assets amid volatile market conditions.
Bitcoin also gains ground amid broader crypto rally
While Ether led the charge, Bitcoin also showed resilience, climbing steadily in recent days. The renewed appetite for cryptocurrencies has been attributed to institutional interest, easing regulatory concerns, and improved macroeconomic factors. Experts caution, however, that volatility remains high and investors should remain vigilant.
Implications for crypto markets
The mass liquidation of short positions suggests a shift in market sentiment, potentially marking a turning point after months of consolidation and price weakness. Traders who bet against Ether suffered substantial losses, underscoring the risks of leveraged positions in the crypto space.
Looking ahead
As Ether and Bitcoin approach key resistance levels, market watchers will be closely monitoring price action for signs of sustained momentum or possible corrections. The role of influential voices like Eric Trump adds an intriguing social dimension to market dynamics, blending finance with public sentiment.
REFH – Newshub, 9 August 2025
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