$105M Ether shorts wipeout put ‘a smile’ on Eric Trump’s face


5M Ether shorts wipeout put ‘a smile’ on Eric Trump’s face


Eric Trump warned to “stop betting” against Bitcoin and Ether as the price of Ether surpassed $4,000 for the first time in eight months.

Ether saw the largest short position wipeout of the day across all crypto assets on Friday as its price surpassed $4,000, with some analysts saying it could be setting the stage for a short squeeze.

The rally led to Eric Trump, son of US President Donald Trump, taking a jab at bearish traders.

“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,” Trump said in an X post on Friday.

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