DeFi Report Founder: "Real Capital Inflow + Long Position Increase + Short Squeeze" are the Threefold Reasons Driving ETH's Surge

DeFi Report founder Michael Nadeau posted on X discussing the ETH market, stating: 1. Open interest in ETH has increased by 40% over the past few days, indicating a large number of leveraged longs; 2. ETH spot trading volume has jumped from $4-6 billion per day to $15-18 billion, indicating real capital inflow; 3. Funding rates have risen from 0.005% to 0.03%; 4. Over the past few days, ETH short liquidations have exceeded $85 million. In summary, there are signs of "real capital inflow, long position accumulation, and short squeeze" in the current ETH market, with these three factors jointly driving the rise.