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Yilihua: ETH is being heavily shorted by multiple platforms and institutions, and may face a short squeeze after November.
On November 26, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted on social media: “WLFI has rebounded 50% against the trend in the past few days. First, there is optimism about the stablecoin USD1 sector and its prospects; second, the WLFI team continues to invest in buybacks; third, the overall market and US stocks are also rebounding. According to investment research data, ETH has been heavily shorted by multiple platforms and institutions. I believe that after surviving the toughest November, we may welcome a short squeeze. Compared to ETH four years ago, the stablecoin/ETF/DAT/policy is in a completely different level of favourable information environment, and ETH's price is severely undervalued.”