加密Krystal

Crypto Circle Character Share 4—— @Cented7: From Professional Esports to On-Chain Degen King

24-year-old Cented, real name Evan Barron. Former professional Fortnite player for FaZe Clan. Recently transitioned to Solana meme. As a result, in just one year, made on-chain profits of $7.1M+.

Directly went from esports player to the top of the crypto smart money list.

His strategy: extreme "speed" typical degen sniper style: only trades new Solana coins / Pump.fun. High-frequency short trades, positions often held for less than 1 minute, starting with 3 SOL, small profits taken quickly, able to trade 20–30+ coins in a day.

Not waiting for hundredfold gains. Instead, 2–3 times repeatedly harvesting.
He candidly states:
👉 "I'm only good at sniping, not at holding long positions."
Relying on esports-level hand speed + reaction + scanning chain intensity.

Every day 12h+ refreshing new coins on-chain, ten times more diligent than most people.

How exaggerated are the results?
Kolscan smart money monthly list #1, over 2600+ $SOL in a single month, average monthly earnings ~$700k, with almost no loss days.

The earnings curve is absurdly clean, like a money printing machine.

What I admire most is that he is not a lucky player, but has brought the "grind spirit" of esports into crypto. Used to practice shooting for 10 hours a day. Now scans the chain for 12 hours every day.

He said: The more you scan, the more you know what true Alpha is. Talent is important, but execution is even scarier.

From professional player to on-chain harvesting machine.
In short, one sentence: 👉 Those who work hard enter esports, and the tough ones come to the chain.

Everyone is concerned about Yi Lihua @Jackyi_ld, is he okay?

The real OG can still smile and say, "Keep Building" even after a liquidation.
Will the next stop be a stunning turnaround?

In just one week, Boss Yi has seen $734 million evaporate, $ETH went from high leverage all-in to a complete liquidation loss, almost all of the $315 million earned in the last bull market from ETH has been given back, and he even lost nearly $400 million of principal.

But what about last night? He and Nano Labs CEO Jack Kong @punk8185 and a group of old OGs gathered in Hong Kong's Causeway Bay/Central, toasting, eating, and chatting with brothers about where the next bull market will be.

How can he be so stable after losing $5 billion? Is he truly open-minded or... is it all LP's money that’s lost?

This is the top-tier mentality in the crypto world: able to afford losses, able to let go, and continue drinking.

「 Script Reversal! Li Lin Denies Being the Financial Backer, Igniting the Mystery」

As the market pointed to Li Lin, the founder of Huobi, as the financial backer behind Yi Li Hua, this retired elder brother personally clarified: "Not an investor of LD or Garrett Jin," and "has not reduced BTC or ETH holdings."

So who is the real "big whale" behind this $6 billion liquidation?

🧐 Major Clue Reconstruction:
📍Ancient Giant Whale: 80,000 BTC early holders, possibly miners, developers, or low-profile believers.

📍Hong Kong Connection: Operations closely related to Hong Kong, funds may be transferred via Hong Kong.

📍Institutional-Level Operations: The ability to mobilize two distinctly styled investment managers indicates a large amount of funds and structure behind it.

📍Aggressive Leverage: Daring to adjust asset allocation at high market levels, using high leverage, extremely aggressive operations.

📍Traditional Financial Elements: This may involve IBIT options, yen arbitrage, and other traditional financial tools, not just large players in the crypto space.

📍Possible Identity: A low-key tech tycoon or multinational family office with substantial funding, still unknown to the public.

Li Lin's statement has turned this script from "naming names" into a nationwide detective competition. The transparency of traditional finance, with the 13F report to be released in May, may unveil the final veil of the mysterious financial backer behind Yi Li Hua and Garrett Jin.

The betting market on Polymarket has also pushed this financial mystery in a more dramatic direction.

$BTC $ETH

「 Speculation Behind Yi Lihua's Back 」

On-chain data shows that the address marked as “1011 Internal Giant Whale” (associated with Garrett Jin) used the same Binance deposit address as Yi Lihua's Trend Research. This indicates that Yi Lihua and Garrett Jin have the same backer!

The backer behind Yi Lihua is believed to have divided the funds into three parts to be managed by “high-level” individuals in the market: one part was given to @Jackyi_ld, one part to Garrett Jin, and one part to a certain fund institution. The thought was that spreading eggs across three baskets would be relatively stable, but it turns out this week they are almost nearing liquidation and have no choice but to liquidate!

Currently, regarding which institution has been affected, Polymarket already has a market open, just wait and see!

Here are introductions to the above four institutions:
1️⃣ Al Wanda
A financial giant under the Abu Dhabi Investment Authority, with strong financial strength and a consistently stable operating style;

2️⃣ Laurore LTD, a mysterious institution, if it truly is an outsider being hit, the probability is very high;

3️⃣ Symmetry Investments
An alternative asset investment company spun off from Wall Street's top fund Millennium. Its operations are high risk and high return;

4️⃣ Aveni, founded by Huobi's founder Li Lin
One reason is that Garrett Jin previously served as the Operations Director of Huobi and has a close relationship with Avenir Group.

What do you think, which institution has been affected in this storm?

$BTC $ETH $BNB

Summary of Class Ascension Paths in the Crypto Circle (Probability from High to Low)

1. Most Common (but with lower upper limits)
Physical Strength → Skills (Top Traders/KOLs/Miners) → Small Capital Leverage → Net Worth Between Millions to Tens of Millions of USD

2. Upper Middle Class (Requires Timing, Location, and Connections)
Skills + Connections → Seize 1-2 Super Opportunities (Platform Tokens, Meme Season, L1 Narratives) → Capital Snowballing → Net Worth Reaches Hundreds of Millions

3. Top Minority
Skills + Connections + Strong Execution Ability → Self-defined Rules (Creating Exchanges, Public Chains, Protocols, Super Meme Ecosystems) → Possessing Pricing Power and Continuous Bloodsucking Ability → Class Solidification

$BTC $ETH $BNB

$ETH Round-trip dancing in the world of needles, fluctuating by 9.5% in one minute?! One minute?

Happy weekend 😂 Could it be that there is a problem with the market maker grid?

🚨 Yi Lihua and the Mysterious Hong Kong Fund: The Truth Behind the $6.3 Billion Loss

Boss Yi is likely backed by a complete institutional operation system. Yi Lihua @Jackyi_ld represents the funding side, Garrett Jin represents the execution side, and a certain fund in Hong Kong itself is the risk-bearing entity. Such a structure is not uncommon in Hong Kong hedge funds.

1️⃣ Yi Lihua: Fund Image Ambassador
The personal limited partner (LP) of the fund, sharing investment insights on social media, yet has never admitted to being the original holder of 80,000 BTC. As an LP, he has no choice but to accept asset disposal during the fund's liquidation.

2️⃣ Garrett Jin: Fund Execution Arm
The trading head of the fund, skilled in derivatives and cross-market arbitrage, and the actual operator behind the recent large-scale BTC/ETH rebalancing.

3️⃣ Mysterious Hong Kong Fund: The Real Entity
Manages assets of about $5-8 billion, strategies include BTC spot positions, ETH futures hedging, and cross-exchange arbitrage, leveraging Hong Kong's unique geographical position to connect domestic and foreign capital.

A single fund's $6.3 billion loss is not terrifying; what is terrifying is the market's chain reaction. When everyone starts to reassess their leveraged positions, deleveraging is no longer a short-term event but a continuous process. This process often proves to be more destructive than the single event itself, leading to broader market turmoil.

$BTC $ETH

Crypto Circle Personality Sharing 2——Vida: 2 Seconds Faster than the Market

Most traders are betting on direction.
He is betting on speed.

When you see the news and are ready to place an order,
@Vida_BWE's bot has already executed the trade.
The evaluation of him in the circle is summed up in one sentence:

👉 News trading, you can’t outsmart him.
Born in the 2000s, from Jiangsu.
Started cross-border arbitrage at 14, saved up 500,000 USD by 19.

After entering the circle, he did not blindly trust K-lines, but instead took another path:

Not predicting ups and downs,
Just capturing market loopholes.

Writing tweets to monitor bots, announcement sniper programs, price alert systems,
Turning trading into a 24-hour automated "hunting network."

Later founded his own company, BWE Capital.
Public results are quite impressive:

Total profit of 16 million USD+

Maximum drawdown of only 2%
In the crypto market, such drawdown control is rarer than high profits.

His trading logic is actually very simple:
Not judging the market,
But waiting for anomalies to hand out money.

Panic from a crash → Buy undervalued assets

Announcements/Celebrities calling trades → Millisecond sniping

Order book bugs → Making profits on both sides
On the day of Trump's tariff war, a single day profit of +8 million USD;
BROCCOLI's abnormal pump, earning another 1 million in half an hour.

All are "system responses," not random guesses.

I think the most ruthless point about him is:

While others spend in a bull market,
He continues to upgrade the system with the money.

While others compete in understanding,
He competes in infrastructure.
The essence is just one sentence:

Trading is not technical analysis, it is engineering.
In a zero-sum market,
He relies on preparation and discipline to make himself one of the few positive-sum players.
Some people double their money by luck.
He relies on being 2 seconds faster for long-term compounding.

This is the hunter.

$BTC $ETH $BNB

Although the market is rebounding, why are more and more people choosing to withdraw? Moreover, it's not just ordinary investors who are exiting.

Aave founder Stani.eth has continued to sell 1,700 ETH in the past 13 hours.

In just the last day, Stani.eth has sold a total of 6,204 $ETH , with an average price of $1,916.

「 Bithumb Epic Mistake Incident Follow-up 」

This is simply the largest "coin giveaway" blunder in history. Bithumb originally intended to give users a $1 red envelope, but ended up sending out 2000 BTC, equivalent to $140 million in Bitcoin.

Fortunately, Bithumb reacted quickly and took immediate action. As of the morning of February 7, they have successfully recovered 99.7% of the improperly issued assets, totaling 618,212 coins $BTC .

Among the 1,788 coins $BTC that users have already sold, 93% have also been recovered. However, 125 bitcoins (approximately 12.3 billion Korean won) have yet to be recovered. South Korean regulatory authorities have already intervened to investigate their internal control system.

24 hours of frantically selling 414,864.31 $ETH ! Has Boss Yi's mindset completely collapsed?

From massive ETH longs and continuous accumulation, to funds moving into exchanges and rapid position reduction, to now facing huge unrealized losses, Boss Yi's operations have been nothing short of a roller coaster!

In the last 24 hours, Boss Yi @Jackyi_ld has sold over 410,000 $ETH , with a total value of 817 million USD, and an estimated loss of 470 million USD! Now, there is almost no ETH left on the chain, with less than 22,000 ETH remaining (about 43.94 million USD), and 96% of the ETH has been moved into exchanges! This is not simply deleveraging, but rather a “liquidation”!

So the question arises: why has Boss Yi suddenly lost confidence?
If it was just about reducing leverage, there would be no need to act so urgently; the movements are too conspicuous!

The trader who has been number one on the Binance contract leaderboard for years,
is not an institution, nor is she quantitative.

She is a green cucumber cat —— @0xPickleCati
Born in the 2000s, a Chinese-Canadian.
Highest real profit: $45 million.

But her path to success is completely opposite to that of most people.

Others: high frequency, heavy positions, chasing news.
She: low frequency, low leverage, waiting for cycles.
She once said something that left a deep impression on me:

"Day trading is a structural scam for retail investors."

No order flow, no liquidity map, no information advantage.
What you are competing with is not technology, but mathematically destined bankruptcy.

In her early years, she was also a typical degen:
High frequency trading → multiple liquidations → missed the BTC bull market → account zeroed three times.

Until one day she discovered:

👉 After years of struggling, it’s better than my grandma’s dollar-cost averaging in BTC.

At that moment, she completely gave up day trading.
The trading system now only has two main lines:
1️⃣ Global liquidity (printing speed)
2️⃣ Interest rates (cost of capital)

If the macro is right, wait slowly.
If it’s not right, just hold cash to save your life.
She redefined "winning":

It’s not about how much money you make,
but whether you can keep this money next year.

She even set rules for herself:
Quarterly trading frequency limit, exceed it and get fined;
Forced to stop after making a profit (GET THE F OUT).

What’s tougher is the psychological aspect:

Liquidation ≠ failure, it’s rebirth.
Discipline is not cultivated, it’s beaten out by the market.
True growth comes from "ego death" (killing self-esteem).

She said:
"Before becoming a profitable trader, you have to be liquidated at least three times."

Because only when you are completely shattered,
will you learn to respect risk.

In this 24-hour casino,
most people compete in speed, excitement, and the next candlestick.

But she only does one thing:
Live longer.
There are many who run fast,
but those who can navigate through bull and bear markets are always the calmest group.
In the end, trading is not about technology,
it’s about character, patience, and self-awareness.

$BTC $ETH

The dream scenario everyone wishes for: when you open the exchange and find an inexplicable 2000 of $BTC , would you sell without hesitation?

An employee at Bithumb intended to airdrop 2000 KRW to each user but accidentally entered 2000 BTC!

As a result, hundreds of millionaires were created, with each user receiving anywhere from a dozen to several of $BTC , averaging 1.35 million USD per person.

The glitch caused the price of BTC on BITHUMB to drop by about 10% compared to other exchanges!

Truly, it's a makeshift operation in the crypto world.

Ethereum whale Yi Li Hua is insanely bullish, but his wife is surprisingly bearish?

The most anxious man on the internet—Yi Li Hua is now counting down every second. At his peak, Boss Yi held 650,000 coins, $ETH , worth over $2 billion, publicly calling trades across the internet. Now the market price is approaching his liquidation line, and every green candlestick is like a death knell. Even more amusingly, his wife has been bearish all along?

Is it possible that Boss Yi's wife has been secretly bearish on the market, quietly hedging risks for Mr. Yi behind the scenes? After all, the two people sharing the same bed have quite a gap in their understanding of investments.

The most anxious man on the internet—Yili Hua, is now counting down every second.

⏰ Boss Yi's liquidation timeline ⏰

- Early January｜Peak leverage
At the peak, he mortgaged about 650,000 pieces $ETH through platforms like Aave V3, fully leveraging with an equivalent long position exceeding 1-1.1 billion dollars;
Liquidation warning line: 2000–2100 dollars
At that time, full of confidence, shouting about faith, no one dared to believe he would panic to this day.

- Late January｜First alarm
ETH dropped, margin call urgent, on-chain liquidation price 1880 dollars
The market began to stir: the whales are in danger.

- Early February｜Crazy liquidation and reducing leverage
In 4 days, he stopped loss and sold over 180,000 ETH, average price 2263, crazily repaying to reduce risk
Liquidation price continuously adjusted down: 1830→1780→1680

- Latest on February 6｜Life and death line
Core liquidation range: 1574–1681 dollars
The entire market is watching closely: 1640 dollars = ultimate liquidation price

The cruelest thing in the cryptocurrency world is not the crash, but watching yourself get liquidated, without even the strength to resist. Pray for Boss Yi
@Jackyi_ld

Boss Yi is on the move again, 8000 $ETH has been transferred to Binance, worth about 14.8 million US dollars. At this position, it is expected to be close to 0 soon. After confirming the bear market, the liquidation zone of 1600 US dollars is not a dream—Is the current script that Huazi must die?

The once high-profile founder of Trend Research, Boss Yi @Jackyi_ld, is now caught in a great crypto escape.

Realized loss: 1.2 billion RMB
Remaining position: 463,000 ETH (current market value about 900 million USD)
Unrealized loss: 3.3 billion RMB (average cost 3180 US dollars)
Liquidation price range: $1,576-$1,682 (data from Yujin Chain)
Thus, Boss Yi can only keep adding margin, selling other assets to make up for the position, lowering the liquidation price…but every time it is a gamble for his life.

Today, the market continued to crash, with Ethereum hitting a low of 1750, and has not yet triggered liquidation. But as long as it falls about 100 US dollars, Huazi will directly be liquidated.

This wave from Boss Yi is a microcosm of leveraged players in the crypto circle. Whether he ultimately blows up or rebounds, it is worth our review: position management is always greater than directional judgment.

Since you're here, don’t forget—surviving gives you the right to talk about a comeback.

High leverage is not a wealth code, it is an accelerator—Bull markets accelerate wealth, bear markets accelerate to zero.

$BTC $SOL

❓Why is $69,000 so important to $BTC ❓

$69,000 is the peak of the 2021 bull market, and in past BTC cycles, this price level typically becomes a support level.
Looking back to 2017, BTC bottomed near the high of $19,600, then fell to about $16,000 in November 2022, with a brief pullback.

Currently, BTC has dipped to a low of $60,000, and may follow this old path, but with a warning: past cycles have also shown that prices can drop below previous highs before bottoming out, meaning BTC still has downside risk.

Currently, $58,000 to $69,000 is the key range, which coincides with the 200-week moving average. Between $68,000 and $65,000, there are a large number of buy orders on the order book, indicating that buyers are clearly interested in the current price.

❗️$BTC has also issued a record oversold signal:
1️⃣ The weekly Relative Strength Index (RSI) for BTC has reached 30, a level that has historically only been hit four times, after which prices have averaged a 16% increase.

2️⃣ The adjusted Net Unrealized Profit/Loss (aNUPL) has turned negative for the first time since early 2023, indicating that ordinary holders are now in a loss zone, a situation that has often led to rebounds in the past.

While a rebound may not occur immediately, the current market sentiment is deteriorating faster than in any prior cycle. The future trajectory of BTC is worth our continued attention $ETH

Recently, the on-chain asset sector in Hong Kong has been quite lively, especially in the RWA area. Speaking of which, Asseto, which was recently retweeted by CZ, is worth paying attention to.

After a brief investigation, @AssetoFinance is headquartered in Hong Kong, focusing on "compliance infrastructure + asset tokenization." Not only does it have strategic investment from HashKey Group, but more critically, the team understands both "asset management and risk control, product structuring and on-chain integration": core members come from institutions such as Morgan Stanley, UBS, Standard Chartered, and Taikang Asset Management Hong Kong, with practical experience accumulated in cash management, custodial connections, disclosure mechanisms, and compliance models.

Asseto collaborates with multiple managers and issuers (including China Merchants Securities Asset Management Hong Kong, plus several leading institutions participating) to launch the US dollar money market fund derivative token CASH+ on the BNB Chain. It can serve as a compliant interest-bearing on-chain collateral, supporting scenarios such as lending, LP portfolio management, and treasury management, balancing on-chain composability and regulatory compliance.

Why is it particularly suitable now?
▪️ Hong Kong is compliant and stable, with rules and transparent processes in place.
▪️ The five-year anniversary of BNB Chain along with CZ's public attention has brought ecosystem and market enthusiasm.
▪️ The combination of these three factors has provided a window period for RWA tokenization, leading to greater opportunities for innovation to land.

It can be understood as: traditional assets + on-chain tools + compliance assurance, the combination of these three makes it possible for USD funds in Asian asset management to enter DeFi no longer just an imagination. Overall, the advancement path of CASH+ and Asseto is worth continued tracking, and I will keep an eye on the progress.

#RWA

「5.13 Market Analysis」- Crypto Krystal says

Today the market is quite lively, and as soon as the news of the US-China tariff resolution came out, the market took off. This afternoon, Bitcoin soared to 106,000, and Ethereum also broke through 2,600, mainly due to a joint statement between China and the US, where both sides agreed to keep tariffs at 10% for the next 90 days, which is lower than market expectations and is considered a positive development.
However, after this wave of increase, the market calmed down quickly, as it is just a "ceasefire agreement". If negotiations break down after 90 days, tariffs could directly rise to 24%, so risks still need to be monitored.

Tomorrow night at 8:30, the CPI data will be quite crucial. If the data performs well, expectations for interest rate cuts may heat up again, and the market could surge further.

Today's highlights:
1. Is the Trump family’s third MEME coin coming? It is said that Truth Social will launch a MEME within 72 hours. It might be issued on BSC, TRX, or the ETH main chain, depending on which chain. Last time, $Trump launched and attracted quite a bit of liquidity, so this time caution is advised.

2. Many people speculate that the coin will be issued on BSC, using the Trump family’s stablecoin USD1 as the liquidity pool, and both BNB and USD1 should be available for purchase. To be safer, one can first use BNB to swap for some USD1 on Pancake, or use @UseUniversalX, which allows you to buy across the entire chain directly with U and earn points.

3. $TRUMP: There’s a snapshot of Trump having dinner today, and there might be expectations of a drop after it ends. The team's control over the market is quite varied, so short-term operations need to be cautious.

4. @BNBCHAINZH and @BNBCHAIN's on-chain wallet bought $24,000 worth of $Skyai and $AIOT, and an hour ago, @BNBCHAIN also increased its position by $74,000 in $SKYAI, quite impressive.

5. Binance Alpha: REDACTED (RDAC) will be launched tomorrow, and it has also added a points consumption mechanism.

Additionally, NEXPACE (NXPC) will be launched, with trading starting on May 15.

6. MYX Finance: @MYX_Finance has recently set up a Keeper Network staking node system, allowing holders to enjoy VIP mechanisms directly, so keep an eye on that.

7. $MIRAI: The presale has ended early, and within 24 hours, participants in the presale will receive a 50% refund, so watch for notifications.

8. Since the market started to rise, the meme sector has performed the best. The total market cap has risen to nearly 80 billion. The rotation in the MEME sector is evident, with the top five gains over the past seven days all being MEME. $WIF $NEIRO $PNUT these three funds are relatively strong, but have already seen considerable short-term increases.