13:03 Tencent Finance: Yi Lihua appeared in Causeway Bay on the 6th with no unusual signs, while on the same day, a fund in Hong Kong entered the market to buy the dip

BlockBeats news, on February 9th, Tencent Finance's "Periscope" published an article titled "Cryptocurrency Major Collapse: Crypto Veteran Yi Lihua Loses $700 Million in a Week," Yi Lihua may have become the most well-known Chinese veteran in the crypto market targeted during this round of sharp decline, and he may have once considered continuing to gamble. In the first four days of February, he sold only about 190,000 ETH and temporarily paused selling on February 5th, still holding 460,000 ETH at that time. On February 4th, Yi Lihua posted that "I am optimistic about this bull market; now is the best time to buy spot."

Just three days later, Yi Lihua no longer insisted on his previous view and began to accelerate selling ETH held by his fund Trend Research. On February 6th, Yi Lihua may have decided to give up resistance, selling the remaining 440,000 ETH in one go, including nearly 60,000 ETH sold between 9 PM and 12 AM that night. It is said that Yi Lihua appeared near Causeway Bay in Hong Kong on the afternoon of the 6th and stayed until around 10 PM before leaving. He showed no signs of abnormality on-site. Meanwhile, his team was executing a rapid liquidation operation.
Additionally, sources revealed that a fund in Hong Kong started buying the dip on February 6th, though the exact scale is unknown. Most users no longer deny that a new cold winter has arrived in the crypto market, but more optimistic community views suggest that this winter may end faster than previous ones. #当前行情抄底还是观望？ $ETH ‌$SOL ‌$BTC ‌