BlockBeats news, on March 13, this morning, a wallet suspected to be associated with Yi Lihua's Trend Research borrowed ETH through Aave and then transferred it to Binance, shorting 27,000 ETH, worth about $57.11 million.
Yi Lihua is known for calling ETH and personally entering the market with a heavy long position. From last year to the beginning of this year, he entered the market with an average price of about $3104 to go long on approximately 658,100 ETH, and on February 8, he closed his position at an average price of about $2058, incurring a loss of approximately $688 million. On February 6, when Trend Research conducted the liquidation, Yi Lihua was seen in the vicinity of Causeway Bay in Hong Kong that afternoon and stayed until around 10 PM before leaving; at that time, Yi Lihua did not show any unusual behavior.
On March 10, Yi Lihua rallied and published again, calling out that 'the speed of AI development and anxiety is terrifying, we must not forget our original intention to return to the cryptocurrency industry. First, ETH below 2000 (USD) is a buying opportunity, both short-term and long-term have a high winning rate. Secondly, according to cyclical theory, this year is also a great bottom opportunity, suitable for us to prepare new funds and platforms.'
