LD Capital Founder: Amid Intense Market Volatility, Has Deleveraged and Is Holding Spot Positions on the Sidelines
On July 17, LD Capital founder JackYi posted on social media, stating that ETH has achieved a significant surge, and his prediction a month ago to "short squeeze ETH" has come true. While BTC's price remained flat, ETH broke through $3,000 and quickly approached $3,500. The current market is highly volatile, making both long and short positions difficult to manage. He has chosen to unwind leveraged loans, hold spot positions, and patiently wait for further market developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Japanese stocks closed up 1.31%
“Big Short” Burry dumps Caterpillar (CAT.US) put options after their value quadrupled, cutting his short position by 75%
After Michael Burry's put options on Caterpillar nearly quadrupled, he reduced his short position in Caterpillar.
Crypto prices
More
