Last night was probably another difficult night for Yi Lihua. His company, Trend Research, has added 35,000 ETH to Binance to reduce leverage, worth $78.7M
I calculated that since February, Huazi has deposited a total of 160,000 ETH to Binance. Who would have thought that this once biggest bull in the ETH market would be pushed by the market towards the "guillotine"
· $3100 entered the market with hope
· $2200 left the market battered
A tuition fee of 128 million dollars
It will definitely be something he remembers for a lifetime, as leverage is not something that can be easily managed, even by institutions. Additionally, I strongly agree with @zhusu's previous statement:
"Selling at the top" is often riskier than selling during a decline, because the euphoria from successfully escaping the top can easily lead to premature position rebuilding and excessive confidence.
Currently, Huazi's account still holds 498,000 ETH, and I am not sure if the market is still hunting him. But looking back at last year's BTC price of 80,000, ETH was only 1400, and now BTC is below 80,000 while ETH is still above 2200. Is it value discovery or has the bubble not burst?
@Jackyi_ld brother, are you panicking?🤣
I calculated that since February, Huazi has deposited a total of 160,000 ETH to Binance. Who would have thought that this once biggest bull in the ETH market would be pushed by the market towards the "guillotine"
· $3100 entered the market with hope
· $2200 left the market battered
A tuition fee of 128 million dollars
It will definitely be something he remembers for a lifetime, as leverage is not something that can be easily managed, even by institutions. Additionally, I strongly agree with @zhusu's previous statement:
"Selling at the top" is often riskier than selling during a decline, because the euphoria from successfully escaping the top can easily lead to premature position rebuilding and excessive confidence.
Currently, Huazi's account still holds 498,000 ETH, and I am not sure if the market is still hunting him. But looking back at last year's BTC price of 80,000, ETH was only 1400, and now BTC is below 80,000 while ETH is still above 2200. Is it value discovery or has the bubble not burst?
@Jackyi_ld brother, are you panicking?🤣