Yili Hua's slaughter line: ETH=1866.
1. The fund managed by Yili Hua, Trend Research/Liande Capital, is facing a liquidation crisis, with net assets of 760 million ETH and leveraged loans of 1 billion. Self-liquidation has actually already begun.
2. As shown in the picture, during the drop early this morning, Yili Hua had to sell his position on Binance, transferring 100 million USDT to AAVE for repayment, reducing his leveraged funds from 1.1 billion to now 1 billion, self-liquidating 100 million in leveraged positions.
3. Most of Yili Hua's funds belong to investors; he cannot and will not be allowed to hold on until liquidation. Therefore, if ETH drops to 2500, he must sell off significantly to cut losses or maintain healthy positions, which will cause the price to drop again, leading to more forced sales and creating a death spiral.
4. In 2021, Three Arrows Capital reached a peak asset of 18 billion USD, several times that of Yili Hua. Then Three Arrows Capital believed that an eternal bull market had arrived and also went long on ETH, ultimately facing liquidation in 2022. ETH first dropped from 3000 to 2000, which then led to other institutions also being wiped out, triggering a chain liquidation, and ETH eventually plummeted from 3000 to 800, with anonymous whales swooping in to pick up the pieces.
5. Yili Hua believes that the US stock market is in a bull market, and the crypto market will also be in a bull market. Can someone remind Boss Yi that the Nasdaq has surged 60% over the past six months without any decent correction? Once the US stock market corrects normally, what will happen to the crypto market?
6. Yili Hua believes that the reason for this year's bull market is that 2025 is a cyclical bear market. So after the bear market, 2026 will be a bull market. But if you compare carefully, the big drop in April 2025 is actually the same as the big drop on May 19, 2021, after which the price broke new highs. Therefore, 2025 is actually a cyclical bull market; it is impossible for the bear market to break the peak, and this year is actually the cyclical bear market that happens once every four years.
As the ancients said: When heaven wants to destroy someone, it must first make him mad. If Yili Hua is bottom fishing in the spot market, there is still room for maneuver. But once he becomes obsessed with leverage and stubbornly holds on, he has already walked to the edge of the cliff. What will you do?
1. The fund managed by Yili Hua, Trend Research/Liande Capital, is facing a liquidation crisis, with net assets of 760 million ETH and leveraged loans of 1 billion. Self-liquidation has actually already begun.
2. As shown in the picture, during the drop early this morning, Yili Hua had to sell his position on Binance, transferring 100 million USDT to AAVE for repayment, reducing his leveraged funds from 1.1 billion to now 1 billion, self-liquidating 100 million in leveraged positions.
3. Most of Yili Hua's funds belong to investors; he cannot and will not be allowed to hold on until liquidation. Therefore, if ETH drops to 2500, he must sell off significantly to cut losses or maintain healthy positions, which will cause the price to drop again, leading to more forced sales and creating a death spiral.
4. In 2021, Three Arrows Capital reached a peak asset of 18 billion USD, several times that of Yili Hua. Then Three Arrows Capital believed that an eternal bull market had arrived and also went long on ETH, ultimately facing liquidation in 2022. ETH first dropped from 3000 to 2000, which then led to other institutions also being wiped out, triggering a chain liquidation, and ETH eventually plummeted from 3000 to 800, with anonymous whales swooping in to pick up the pieces.
5. Yili Hua believes that the US stock market is in a bull market, and the crypto market will also be in a bull market. Can someone remind Boss Yi that the Nasdaq has surged 60% over the past six months without any decent correction? Once the US stock market corrects normally, what will happen to the crypto market?
6. Yili Hua believes that the reason for this year's bull market is that 2025 is a cyclical bear market. So after the bear market, 2026 will be a bull market. But if you compare carefully, the big drop in April 2025 is actually the same as the big drop on May 19, 2021, after which the price broke new highs. Therefore, 2025 is actually a cyclical bull market; it is impossible for the bear market to break the peak, and this year is actually the cyclical bear market that happens once every four years.
As the ancients said: When heaven wants to destroy someone, it must first make him mad. If Yili Hua is bottom fishing in the spot market, there is still room for maneuver. But once he becomes obsessed with leverage and stubbornly holds on, he has already walked to the edge of the cliff. What will you do?