On October 11, Liquid Capital (formerly LD Capital) founder Yi Lihua posted that this is the first time since advocating for ETH that he has completely closed all positions (on-chain transparency). Previously, he only borrowed leverage, and there are a few reasons to mention: · First, Bitcoin has risen to a new high resistance level, and without any favourable information breakthrough, it will pull back. · Second, the U.S. stock market has reached new highs, and AI and semiconductor companies are playing a capital game, which cannot be sustained. · Third, after Japan is about to have a new prime minister, the risk of interest rate hikes has increased and interest rates have been rising. · Fourth, alts in the crypto world have been in a downward movement, and the MEME frenzy has drained liquidity.