JackYi, the founder of LD Capital, reiterated that he was bullish on ETH, and his Trend Research held 142,000 coins

On June 10, JackYi, the founder of LD Capital, once again reiterated his firm bullishness on Ethereum and its ecological tokens, saying that he currently holds a long position of 100,000 ETH options, and believes that the reasons for the undervaluation of the Ethereum ecosystem include: the ETH token itself is undervalued, and he is optimistic about the recovery of the ETH/BTC exchange rate during the bull market; After the liberalization of the crypto policy, projects with real income, users, and products will be the first to benefit from the inflow of traditional capital; Wall Street money is recently flowing into Ethereum to open positions. Trend Research, a subsidiary of LD Capital, is bullish on ETH and now holds 142,000 ETH, with a floating profit of $42.35 million. Trend Research said that the institution started to build a long position at $1,400 in ETH this round, and at $1,800, it wrote a research report and was first bullish on the whole network among the institutions. Previously, according to analyst @ai_9684xtpa monitoring, Trend Research currently holds 142,137 ETH, worth $374 million, with a cumulative profit of about $66.08 million, of which $42.35 million is floating profit. Since December 20, 2024, Trend Research has purchased 181,662 ETH from CEXs, CEXs, and on-chain at an average price of $2,340, with a total value of $425 million.