Bybit analyst: Ethereum may surpass $4000 before Trump takes office on January 20th next year

On November 29th, according to a report released by Block Scholes and Bybit Analytics on November 28th, the current decline in open Bitcoin contracts indicates that it is the result of "traders repositioning themselves after thorough analysis of market conditions" rather than large-scale liquidation. A Bybit spokesperson stated that this dynamic may cause Ethereum prices to rise above $4000 before Donald Trump's inauguration on January 20th. （Cointelegraph）