Despite Ethereum's Downtrend… LD Capital: "Long-Term Trend Is a Bull Market"
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- LD Capital said it views Ethereum (ETH)'s long-term trend as a bull market.
- Trend Research purchased about 46,000 Ethereum and its holdings amount to about 580,000.
- Trend Research is preparing an additional US$1 billion in funds to continue buying Ethereum.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Cryptocurrency investment firm LD Capital showed willingness to add to its position despite recent weakness in Ethereum (ETH) prices.
Jack Yi, founder of LD Capital, said on X, "All unrealized losses are temporary," adding, "(Ethereum's) long-term trend is a bull market," on the 25th (local time). Jack Yi emphasized, "Our team devotes effort to investment and research every day, and as a result, we've concluded that the current price is in a bottom range," and "next year will be a full-scale bull market."
Earlier, Trend Research under LD Capital reportedly purchased an additional about 46,000 Ethereum on the previous day (24th). Trend Research's Ethereum holdings are known to amount to about 580,000. Cointelegraph reported, "Among currently listed companies, only two — Bitmain and Sharplink Gaming — hold more Ethereum than Trend Research," and added, "Jack Yi is the figure behind Trend Research's large-scale Ethereum purchases that began last October."
Additional buying is also likely. Trend Research said it is preparing additional funds in the amount of US$1 billion to buy Ethereum. Jack Yi said, "I don't want to miss a rise of thousands of dollars because of volatility of a few hundred dollars," and "with US$1 billion of funds, we will continue to buy Ethereum whenever it falls."
Meanwhile, Ethereum was trading at US$2,923.72 on CoinMarketCap at 8:56 PM, down 0.09% from the previous day. Compared with one year ago, it is down about 16.1%.
