February 9, 2026

The market may have reached a temporary bottom, which is 60,000 for Bitcoin and 1,800 for Ethereum, possibly becoming important support levels for the market in the next month or two. This judgment is based not only on the recent sharp decline in the market but also on significant supporting logic. The recent sharp drop in Ethereum coincided with Yi Lihua's fund being forced to reduce leverage and liquidate positions, which means that a well-known entity sold hundreds of millions of Ethereum, definitely leading to panic selling from many traders. This was the direct cause of Ethereum's decline of over thirty percent in just a few days.

Additionally, according to rumors, the main investor of Yi Lihua's fund this time is a certain large holder of Bitcoin. Reliable information suggests that this holder went to prison more than a decade ago and, after being released, became financially independent by passively holding Bitcoin. However, he was not content with just holding Bitcoin passively and started to leverage Ethereum, ultimately being forced to sell Bitcoin to cover his positions.

In fact, the K-line trend of Bitcoin can also show that after breaking below 70,000, it quickly dipped to 60,000, and after a massive drop, the price of Bitcoin was supported and rebounded within a few hours, ultimately quickly recovering to 70,000. This speed of decline has not been seen for a long time, and it is obvious that there were large holders forced to sell, which is to say, unplanned selling, leading to such a situation, consistent with the logic of this rumor.

In fact, every bear market must have large capital sacrifices; previously, it was institutions like exchanges and wallet management, and this time it is funds. Even if it is not a specific large holder, there must be large holders forced to sell. Both logically and according to market rules, this is reasonable and is something that every bear market must go through. What we need to do is to stay steady during this panic sell-off and try to acquire the bloodied chips.

Thank you for your attention and likes.