Last night was probably another difficult night for Yi Lihua. His company, Trend Research, topped up 35,000 ETH to Binance to reduce leverage, worth $78.7M.

Calculating from February to now, Huazi has added a total of 160,000 ETH to Binance. Who would have thought that this once largest ETH bull in the market would be pushed toward the 'guillotine' by the market?

· Entered the market with high hopes at $3100
· Exited the market battered at $2200

A sky-high tuition fee of $128 million

This will certainly be memorable for him for a lifetime because leverage is not something that institutions can easily handle. Furthermore, I strongly agree with @zhusu's previous statement:

"Selling at the top" is often riskier than selling during a downturn because the excitement from successfully timing the top can lead to premature position reestablishment and overconfidence.

Currently, Huazi's account still holds 498,000 ETH. I am not sure if the market's hunt for him is still ongoing. But looking back at last year's BTC price of 80,000, ETH was only 1,400, and now with BTC below 80,000, ETH is still above 2,200. Is this price discovery or has the bubble not burst?