According to CoinWorld news, on October 11, Liquid Capital (formerly LD Capital) founder Yi Lihua stated that this is the first time to close all positions (on-chain clear) since advocating for ETH, previously only borrowing leverage. There are several reasons to mention: · First, Bitcoin has risen to a new high resistance level, and without any favourable information breakthrough, it needs to pull back. · Second, US stocks have reached new highs, and AI and semiconductor companies are playing a funding game, which cannot provide sustained support. · Third, after Japan is about to change its new prime minister, the risk of interest rate hikes increases, and interest rates have been rising. · Fourth, altcoins in the crypto world have been experiencing downward movement, and the MEME frenzy has withdrawn liquidity.

ETH7.04%
BTC3.41%
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