On August 8, 2025, a significant event occurred in the Ethereum market with the liquidation of $105 million in short positions, resulting in a sharp rise in ETH prices.
Short Liquidation and ETH Surge
The liquidation of $105 million in short positions significantly impacted the Ethereum market, with ETH prices rising above $4,000 for the first time since December 2024. This event accounted for 53% of all short liquidations in the crypto market that day.
Eric Trump's Commentary
Eric Trump, Executive Vice President of The Trump Organization, publicly celebrated the liquidation event on platform X, emphasizing the futility of betting against major cryptocurrencies. He urged investors to buy Bitcoin and Ethereum during market dips and stated: "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."
Market Analysis and Future Predictions
The recent price increase in ETH was accompanied by $537 million in ETF inflows, amplifying price movements. Analysts noted that if ETH surpasses $4,100, further gains between $4,400 and $4,500 might be possible. However, no official statements have been made from regulatory bodies regarding the short squeeze event. Observers are closely monitoring historical trends, as similar past events often led to swift price fluctuations.
The liquidation of short positions on Ethereum and the subsequent price surge highlight the risks associated with trading in the cryptocurrency market, as well as potential opportunities for investors.
