TLDR
- Eric Trump warned that betting against Bitcoin and Ethereum will result in heavy losses.
- Bitcoin surged past $117,000 as the cryptocurrency market rebounded strongly.
- Ethereum broke above $4,100 for the first time since December 2024.
- Over $208 million in Ethereum positions were liquidated in the past 24 hours.
- Institutional demand and new US stablecoin legislation boosted Ethereum’s momentum.
The cryptocurrency market rebounded strongly, with Bitcoin (BTC) and Ethereum (ETH) breaking key resistance levels and triggering major short liquidations. Eric Trump issued a firm warning to those betting against the two largest cryptocurrencies. He compared the assets to a “moving train” and claimed that opposing them would lead to severe losses.
Eric Trump Warns Against Shorting Bitcoin
Bitcoin surged past $117,000 on Friday as market sentiment improved following recent executive orders signed by President Donald Trump. Eric Trump highlighted the rally as proof that bearish positions were becoming increasingly risky. He urged his 5.8 million X followers to stop betting against the leading cryptocurrency.
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.
— Eric Trump (@EricTrump) August 8, 2025
Market analysts attributed Bitcoin’s rise partly to renewed institutional activity and positive legislative developments. Futures data showed a significant number of short positions being liquidated as the price broke above resistance. Traders noted that the recent price action mirrored previous strong upward phases in Bitcoin’s history.
Eric Trump emphasized that “the market is punishing those who continue shorting Bitcoin.” He framed the current price action as a signal for continued strength. Analysts expect further gains if the bullish momentum sustains over the coming weeks.
Ethereum Rallies Above $4,100 as Shorts Face Heavy Losses
Ethereum price climbed above $4,100 for the first time since December 2024, breaking through its long-standing $4,000 resistance level. Eric Trump said seeing Ethereum shorts “getting smoked” satisfied him, reaffirming his long-term bullish stance. He has consistently advised buying Ethereum during price dips.
Data from the past 24 hours revealed $208 million in Ethereum liquidations, with $183.6 million being short positions. The surge followed rising institutional demand, including acquisitions by Ether treasury companies and inflows into US Ethereum ETFs. Market analysts linked the rally to expectations of benefits from the new stablecoin legislation.
Fundstrat CIO Tom Lee compared Ethereum’s current phase to its 2017 rally, projecting a potential rise to $16,000 this year. Analyst Carl Moon predicted a possible jump to $25,000 if momentum accelerates. Eric Trump stated, “Betting against Ether is like waiting to be run over,” echoing his earlier warning to bears.
Institutional participation has strengthened Ethereum’s price trajectory in recent weeks. The combination of regulatory support and corporate adoption has increased confidence among market participants. Analysts maintain that the recent breakout could lead to extended price growth if the positive trend continues.
