Eric Trump has cautioned traders against taking short positions in Bitcoin and Ethereum, citing tightening supply dynamics driven by corporate treasury acquisitions and large-scale holder accumulation.
Corporate treasury buying continues to fuel bullish sentiment across crypto markets, with total corporate holdings exceeding $11.7 billion. Significant accumulation includes BitMine Immersion Technologies’ acquisition of 833,000 ETH, valued at approximately $3.2 billion.
Major Ethereum holders accumulated over 2.1 million ETH in July alone, signaling tightening market supply and heightened institutional demand. Institutional activity is further boosting Ethereum prices, with 28% of ETH’s total supply currently staked—effectively reducing circulating ETH.
Trump’s warning underscores mounting risks for short-sellers amid these supply-constricting conditions, as accumulating trends point toward sustained upward price pressure.