Eric Trump Warns Against Shorting Bitcoin and Ethereum Amid Major Price Surge

Summary: Eric Trump took to social media to caution investors against betting against Bitcoin and Ethereum, as both cryptocurrencies extended their rallies, with Ethereum topping $4,300 and Bitcoin surpassing $120,000. The Trump family continues expanding its crypto involvement across various ventures.

Bitcoin and Ethereum Rally Sparks Commentary

Bitcoin and Ethereum surged significantly over the past 24 hours, reviving bullish sentiment and leading to substantial short liquidations. Bitcoin reclaimed the $120,000 level while Ethereum reached a 24-hour high of $4,330 — its strongest performance since 2021.

Taking advantage of the spotlight, Eric Trump issued a warning to bearish traders via X (formerly Twitter). He wrote, “It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over.”

The rally triggered over $212 million in Ethereum short liquidations, according to Coinglass, while Bitcoin’s breakout above key resistance further dismantled bearish positions. Trump’s comment underscored the ongoing strength in the market and suggested continued bullish momentum for the top two digital assets.

Trump Family’s Growing Crypto Exposure

Eric Trump’s remarks follow a broader trend within the Trump family, which has embraced cryptocurrencies more than ever in this bull cycle. Their involvement spans multiple sectors of the digital asset industry, including memecoins, stablecoins, mining, and investment funds.

Current initiatives include the launch of $TRUMP and $Melania tokens, the founding of World Liberty Financial and its USD1 stablecoin and $WLFI governance token, and efforts to raise $1.5 billion to establish a public crypto holding company.

Additionally, Eric Trump is a key figure in American Bitcoin, a mining operation in partnership with Hut 8 aimed at building a strategic Bitcoin reserve in the U.S. A Bloomberg report estimates his stake could be worth $367 million upon the company’s expected public listing.

On the policy side, former President Donald Trump has also championed crypto initiatives, including a recent executive order allowing the inclusion of crypto assets in 401(k) retirement plans, potentially ushering in a new wave of institutional and retail interest.

Price Update

As of publication, Bitcoin is trading at $121,670, up significantly in recent sessions. Ethereum follows closely behind at $4,280, continuing to attract attention amid persistent bullish momentum.