- Eric Trump celebrates $105M Ether short liquidation event.
- ETH price surged past $4,000, reflecting market volatility.
- Potential catalysts for further market gains noted.
Eric Trump celebrated a major Ethereum price surge on August 8, 2025, after $105 million in Ether short positions were liquidated, causing significant volatility in the crypto market.
The event highlights market volatility, with significant price movements in Ethereum. It underscores the risks of short positions amidst growing interest in digital assets like ETH and BTC.
Eric Trump publicly celebrated the liquidation of $105 million in Ether short positions on August 8, as the price of ETH surged above $4,000. This event marked a substantial short squeeze, influencing Ethereum and related markets significantly.
Trump, executive vice president of The Trump Organization, emphasized the futility of betting against major cryptocurrencies. His comments were made on X, where he advocated for accumulating Bitcoin and Ethereum during market dips. “It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over.”
The liquidation event’s immediate effect saw ETH prices rise sharply, crossing the $4,000 mark for the first time since December 2024. This marked a 4.6% daily increase before any pullbacks, showcasing market reactions.
Financial impacts included ETH ETF inflows totaling $537 million, amplifying price movement. Analysts noted the event represented 53% of all daily crypto short liquidations, encouraging further scrutiny of market dynamics.
Expert opinions highlight a potential for further price increases if ETH surpasses $4,100, which might extend gains to between $4,400 and $4,500. However, no formal statements emerged from regulatory bodies regarding the short squeeze event.
Historical trends indicate similar past events led to rapid price fluctuations. Observers are monitoring market responses closely to predict future volatility, taking into account on-chain data and market behavior insights.
