Eric Trump delivered a pointed warning to cryptocurrency bears this week, cautioning traders against shorting Ethereum and Bitcoin as a massive squeeze decimated bearish positions across digital asset markets.
The Trump scion likened betting against ETH and BTC to standing in front of a “moving train”—a metaphor that proved prophetic as over $120 million in Ethereum shorts evaporated within 24 hours.
The carnage was spectacular by any measure. One particularly unfortunate trader lost approximately $15 million in a single position, while total ETH liquidation losses reached $208 million in a day.
Eric Trump’s reaction? He confessed that watching shorts get “smoked” brought him “a smile”—perhaps understandable given his long-standing bullish stance on digital assets.
The liquidation cascade propelled Ethereum above $4,200, approaching all-time highs not seen since December 2024. Bitcoin simultaneously surged past $117,000, creating a synchronized rally that caught bearish futures traders woefully positioned.
Short positions accounted for more than half of the combined Bitcoin and Ethereum futures losses during this period—a stunning reversal for those betting against the crypto momentum.
Corporate treasury acquisitions provided fundamental support beneath the technical fireworks. Public companies now hold over $11.7 billion worth of Ethereum, with BitMine Immersion Technologies commanding roughly 833,000 ETH (approximately $3.2 billion).
Institutional appetite remained robust, evidenced by $864 million flowing into U.S. spot ETFs, including $189 million into BlackRock’s ETHA ETF alone. The extreme market volatility forced many investors to quickly change strategies as traditional bearish positions became increasingly untenable.
The Trump administration’s policy signals certainly contributed to market confidence, creating an environment where bearish bets appeared increasingly anachronistic. As investors fled volatility, the stablecoin market cap expansion above $250 billion reflected the broader digital asset ecosystem’s need for liquidity infrastructure during periods of extreme price movements.
Eric Trump, leveraging his 5.8 million followers on X, has consistently advocated buying dips throughout various market cycles—advice that vindicated his supporters while punishing contrarians.
Market analysts suggested the rally could extend further if momentum sustained over coming weeks, though predicting crypto trajectories remains notoriously treacherous.
For now, Eric Trump‘s message resonated clearly: “stop betting against BTC and ETH” as markets continue punishing bearish positions with ruthless efficiency.
The shorts learned this lesson expensively—a costly education in cryptocurrency market dynamics.
