#以太坊价格与ETF Seeing the LD Capital founder's logic for adding positions, it's worth tracking the on-chain signals behind it. The short squeeze argument is essentially based on constraints in ETH supply—if large holders are indeed increasing their positions systematically, this will be directly reflected in exchange outflow data and whale address movements.

Key points to observe: First, the volatility range of $1000-2000 in the first half of 2025, within which institutional accumulation costs have a high tolerance for standard deviation, indicating participants have clear expectations for the medium-term trend. Second, the detail of borrowing to add positions suggests leverage accumulation, which will amplify liquidity demand during upward breakthroughs.

From an on-chain perspective, focus should be on the continuous decline trend of exchange ETH balances, the accumulation of large addresses, and changes in funding rates in the derivatives market. If a short squeeze logic truly exists, these data points should verify the true intentions of institutions.

Under the premise of a 2026 bull market, the risk controllability of this strategy depends on your ability to judge market cycles. Trend investing is essentially about recognizing and realizing cognition; short-term volatility is just a cost. What is more needed now is continuous monitoring of on-chain fund flows, rather than being disturbed by price noise.