Author: 2898
If you have tens of thousands of USD to buy coins, just go all-in, but what if you have 400 million USD?
How should you buy?
If you don't know how to handle your assets, the operations of the fund under Yilihua might provide you with some reference.
Article outline:
🧨 The god operation of bottom-fishing at the most FUD moment.
🛒 Bottom-fishing should involve buying more as prices drop, in smaller amounts multiple times.
🤔 Can you guess what their holding cost is?
💼 Securing profits allows for further growth
🧾 How to learn bottom-fishing from on-chain whales
⚠️ Attention
Address: mainly analyzing the four addresses under Yilihua.
Cost: tracing back to early 2025, there was a large amount of ETH deposited into Aave; this can be considered long-term holding, so it can only be estimated based on the market price at that time.
Purpose: to see how the big players operate bottom-fishing.
One, the god operation of bottom-fishing at the most FUD moment 🧨
Address one:
0x8b0e4a56b3bc5ecbbaff8c64b06967c25af1f319
On May 26 at 9:44 PM: spent 8 million USD, purchased 3100 ETH, deposited into Aave (funds borrowed through Aave)
On May 26 at 9:30 PM: borrowed 8 million USD from Aave.
On April 14 at 3:26 AM: borrowed 3.8 million USD from Aave, transferred out.
On April 14 at 3:25 AM: spent 6.87 million USD, purchased 4298 ETH, deposited into Aave.
On March 27 at 12:14 AM: 366 ETH, deposited into Aave.
On March 25 at 3:27 PM: spent 750,000 USD, purchased 366 ETH.
Total:
Principal: 7.62 million USD
Current value: 366 + 4298 + 3100 = 7764 (approximately 21 million USD)
Profit: 13 million USD 💰
Everyone should phase their bottom-fishing.
Phase one: 4.14, the time of the most FUD.
Second extreme: 5.26, when the situation became clear and they leveraged up, with the same amount of capital as at the bottom.
🤔 Inspiration
1️⃣ Do large funds still prefer Binance? After all, safety comes first.
2️⃣ This address bought a large amount of NEIRO, which is also the reason for the previous research report's call.
The research report issued on April 24, from May 11 to May 21, kept buying; this is a real bet.
3️⃣ The most transactions in the address are phishing transactions; if you have a large amount of capital, be sure to pay attention to safety, be careful and cautious.
Two, bottom-fishing should involve buying more as prices drop, in smaller amounts multiple times 🛒
Address two:
0x74ba54e959bbdd45be1e2f48c8032c776d78376c
On May 26 at 9:48 PM: spent 5.1 million USD, purchased 1964 ETH, deposited into Aave (certain opportunity to buy ETH)
On May 26 at 9:30 PM: borrowed 5 million USD from Aave
On April 14 at 3:31 AM: borrowed 900,000 USD from Aave, transferred out
On March 31 at 12:45 AM: withdrew 1.18 million USD from Binance, deposited into Aave
On March 24 at 4:26 PM: spent 2 million USD, purchased 965 ETH, deposited into Aave (ETH price 2081 USD)
On March 24 at 4:03 PM: borrowed 2 million USD from Aave and deposited it into Binance
On March 21 at 9:38 PM: spent 5 million USD, purchased 2560 ETH, deposited into Aave (ETH price 1953 USD)
On March 21 at 9:05 PM: borrowed 5 million USD from Aave and deposited it into OKX
On March 21 at 9:03 PM: withdrew 4510 ETH from Binance, deposited into Aave
On August 7, 2024: borrowed 5 million USD from Aave and deposited it into OKX
Total:
Principal: 8.86 million USD
Current value: 4510 + 2560 + 965 + 1964 = 10000 (approximately 27.2 million USD)
Profit: 18.34 million USD 💰
This is an old address, which has been in use; tracing it back goes to 2024, so I won't go further.
It's also impossible to calculate when and at what cost the initial 4510 ETH were purchased.
🤔 Inspiration
Compared to the previous address's super god bottom-fishing operation, this address's operation feels more like an experienced driver.
I think you undervalue me, so I'll slowly bottom-fish.
Each bottom-fishing only uses a small amount of money: around 5 million USD.
Continuous bottom-fishing, don't go all-in, always keep liquidity.
Three, can you guess what their holding cost is? 🤔
Address:
0xd9cf5e2a699c19a33b4ba7831d9525471e262931
On May 27 at 9:12 PM: spent 5.07 million USD, purchased 1887 ETH, deposited into Aave (certain opportunity to buy ETH)
On May 27 at 8:51 PM: borrowed 5 million USD from Aave (one day later than the previous address, also DCA'd)
On April 14 at 2:53 AM: borrowed 1.3 million USD from Aave, transferred out
On March 24 at 4:26 PM: borrowed 1.4 million USD from Aave, purchased 674 ETH, deposited into Aave (ETH price 2077 USD)
On March 19 at 7:10 PM: spent 3.11 million USD to purchase 1513 ETH (ETH price 2055 USD), deposited into Aave
On March 19 at 6:23 PM: deposited 4058 ETH into Aave (worth 8.33 million)
Total:
Principal: 8.33 million USD
Current value: 4058 + 1513 + 674 + 1887 = 8,132 (approximately 22 million USD)
Profit: 13.67 million USD 💰
This is also an old address, has always been trading meme coins 😂
It's also impossible to calculate when and at what cost the initial 4058 ETH were purchased.
🤔 Inspiration
It can be seen that their target bottom level is 2000 USD; everyone is not too far off.
I also started bottom-fishing from 2500, at 2000, 1800, 1400, so everyone's cost line is not 1400; this must be remembered.
Four, securing profits allows for further growth 💼
Address:
0xf2500b6014dfe916b8e7706434e21b5fb2191a15
7 hours 58 minutes ago: transferred out 400,000 USD
7 hours 59 minutes ago: transferred out 700,000 USD to Bybit, bought altcoins?
22 hours ago: withdrew 13 million USD from Binance, gave 10 million USD to Aave
22 hours 30 minutes ago: received 956 ETH
22 hours 52 minutes ago: withdrew 5000 ETH from Aave and sold it on Binance (13.4 million USD, combined with the later withdrawal, indicates all sold)
23 hours ago: borrowed 3000 ETH from Aave and deposited it into Binance to sell (8 million USD, repaid to Aave after selling)
On May 28 at 9:12 PM: borrowed 5.09 million USD, purchased 1900 ETH, deposited into Aave (certain opportunity to buy ETH)
On May 27 at 6:52 PM: borrowed 5.04 million USD, purchased 1894 ETH, deposited into Aave (certain opportunity to buy ETH)
On March 24 at 5:08 PM: borrowed 1.99 million USD, purchased 957 ETH, deposited into Aave (ETH price 2079)
On March 19 at 10:37 PM: borrowed 5.07 million USD, purchased 2467 ETH, deposited into Aave (ETH price 2055)
On February 26: deposited 6922 ETH into Aave (worth 14.23 million)
Total:
Principal: 14.23 million USD
Current value: 6922 + 2467 + 957 + 1894 + 1900 = 14,140 (approximately 38.46 million USD)
Profit: 38.45 million USD
🤔 Inspiration
This address is the one with frequent operations; everyone should observe this to discover subsequent actions.
Because this address operates frequently, it has been targeted by phishers; after flipping several pages, all are phishing transactions, so safety must be prioritized.
Five, how to learn bottom-fishing from on-chain whales 🧾
From the perspective of four addresses, the 'Yilihua' team's overall strategy demonstrates strong capital dispatch and risk control capabilities. Their bottom-fishing method has the following core characteristics:
Firmly holding ETH: these four addresses have never sold ETH, only continuously restocking and leveraging. It can be judged that this is their core asset allocation.
Building positions in batches, DCA strategy is clear: whether during the heaviest FUD period or after the market reversal, the whales insist on 'buying more as prices drop, in smaller amounts multiple times', with principal mainly concentrated at the $2000-$2100 range for bottom-fishing.
Leveraging loans for increased profits: a large amount of ETH deposited into Aave, then borrowed to obtain USDC to buy ETH again. Once the market confirms a rebound, close positions in time to complete the capital cycle.
Various operation styles:
Some addresses focus on 'single-point explosion', precisely timing large purchases;
Some adopt an 'old-school style', slowly building positions in batches;
Others frequently enter and exit, demonstrating strong short-term judgment.
Strong risk control awareness: each investment amount is not aggressive relative to the account size, mainly concentrated in the 5-8 million USD range; multiple addresses have been disturbed by phishing transactions, reminding us: safety first, on-chain is always a hunting ground.
Behind the bullish calls is a long-term layout: although they called bullish at $1400, on-chain data shows they started laying out at $2000. Separating public opinion from operations is a common trick among large holders.