One dead, one injured? Two major ETH bulls have surrendered in succession.
1. It is rumored that Trump's youngest son, Barron, and the insider whale from October 11 were targeted by the main forces this morning, resulting in more than 600 million in positions being blown up, with a spike down to below 2280, and currently, 200 million in assets have all gone to zero.
2. In Figure 2, Yi Lihua's situation is also not optimistic, with a 1 billion principal and 2x leverage holding 2 billion, and currently, the principal has lost down to 500 million. If ETH falls to 1866, his position will begin to be liquidated.
3. Given that the insider whale from October 11 was precisely targeted and blown up by the main forces last night, Yi Lihua is now panicking and has just performed multiple operations on-chain, notably transferring 10,000 ETH to Binance, looking like he wants to cut losses to increase margin.
4. There is no other choice; Boss Yi’s average price with 2x leverage is 3100, and now it has dropped to 2200. He cannot hold on any longer, and if the market spikes again, he may be finished. If Yi Lihua decides to sell all his more than 1 billion $ETH ETH, it will cause a secondary drop in ETH.
5. However, he has not sold off in large quantities yet, probably wanting to wait for a rebound before quickly escaping. It is uncertain whether the market makers will give him a chance to escape. This round of bear market bottom may only come after Yi Lihua and other funds surrender, just like the collapse of Three Arrows Capital with 18 billion in 2022. The once glorious bull market seems like a fleeting memory, and the winter of the bear market has just begun...
1. It is rumored that Trump's youngest son, Barron, and the insider whale from October 11 were targeted by the main forces this morning, resulting in more than 600 million in positions being blown up, with a spike down to below 2280, and currently, 200 million in assets have all gone to zero.
2. In Figure 2, Yi Lihua's situation is also not optimistic, with a 1 billion principal and 2x leverage holding 2 billion, and currently, the principal has lost down to 500 million. If ETH falls to 1866, his position will begin to be liquidated.
3. Given that the insider whale from October 11 was precisely targeted and blown up by the main forces last night, Yi Lihua is now panicking and has just performed multiple operations on-chain, notably transferring 10,000 ETH to Binance, looking like he wants to cut losses to increase margin.
4. There is no other choice; Boss Yi’s average price with 2x leverage is 3100, and now it has dropped to 2200. He cannot hold on any longer, and if the market spikes again, he may be finished. If Yi Lihua decides to sell all his more than 1 billion $ETH ETH, it will cause a secondary drop in ETH.
5. However, he has not sold off in large quantities yet, probably wanting to wait for a rebound before quickly escaping. It is uncertain whether the market makers will give him a chance to escape. This round of bear market bottom may only come after Yi Lihua and other funds surrender, just like the collapse of Three Arrows Capital with 18 billion in 2022. The once glorious bull market seems like a fleeting memory, and the winter of the bear market has just begun...