Boss Yi is on the move again, 8000 ETH has been transferred to Binance, worth about 14.8 million USD. At this position, it seems it can't hold on much longer. After the bear market confirmation, the liquidation zone of $1600 is not a dream — is the current script that Huazi must die?
Once high-profile Trend Research founder, Boss Yi Jackyi_ld , is now caught in a crypto exodus.
Realized loss: 1.2 billion RMB Remaining holdings: 463,000 ETH (current market value about 900 million USD) Unrealized loss: 3.3 billion RMB (average cost $3180) Liquidation price range: $1,576-$1,682 (data from the ashes chain) So Boss Yi can only keep adding margin, selling other assets to make up for the position, lowering the liquidation price… but each time it's a gamble for life.
Today the market continues to plummet, Ethereum touched a low of 1750, and has not triggered liquidation yet. But as long as it drops around 100 USD more, Huazi will go directly into liquidation.
This wave from Boss Yi is a microcosm of leveraged players in the crypto world. Whether he ultimately blows up or makes a comeback, it’s worth our review: position management is always greater than directional judgment.
Since we're here, let's not forget — only by surviving do we have the right to talk about a comeback.
High leverage is not the code to wealth, it's an accelerator — bull markets accelerate wealth, bear markets accelerate zeroing out.
I have seen everyone discussing that the bottom might be around 50,000, and some extreme opinions suggest it could drop to 35,000. The biggest suspense this time is, where exactly is the bottom of Bitcoin? If we analyze the depth of the corrections from the historical highs in each cycle to the bear market lows. The four low points marked in the chart correspond to:
In 2011, approximately a 93% correction
In 2015, approximately an 84% correction
In 2018, approximately an 83% correction
In 2022, approximately a 76% correction. Intuitively, the deepest declines in bear markets are gradually converging. If we follow this trend, it is estimated that the bottom of this bear market might be around a 70% correction.
BTC plummets to a new low, altcoins fall across the board. U.S. stocks break down, tech stocks lead the decline. Gold retreats, U.S.-China talks ease relations.
Today's fear and greed index: 12 Level: Extreme Fear
GM, after waking up, Bitcoin has shattered the bottom line for 2025——also falling below the previous low of 74K + MSTR cost price 76K.
It's bearish, really bearish.
Good news: There are very few instances of five consecutive monthly K-line declines in history; the last time was in 2018 with six consecutive declines;
Bad news: The long-term upward trend line since 2018 is still below.
The question is: How low does it have to go before you are willing to buy the dip?
BTC has fallen to a new low, and altcoins are experiencing a general decline. The rebound of BTC is significantly weaker than that of gold. U.S. stocks are down, with storage and aerospace leading the decline. Oil prices are rising, and the situation in Iran is tense.
Today's fear and greed index: 14 Level: Extreme Fear
I have experienced 94, 312, 519, 618, 84, 1220, Brexit, the Luna crash, the Three Arrows Capital collapse, the FTX meltdown, the major exchanges' delistings, the mining machine delistings, the issuance of documents by ten ministries, the prohibition issued by twelve ministries, the US stock market circuit breaker, the Ukraine war, the Middle East airstrikes, Grayscale's crash, the US government's crash, the German government's crash, labor strikes, and whale sell-offs, with the Federal Reserve continuously raising interest rates, and circuit breakers in the Japanese and Korean stock markets. In short, what I have experienced is a storyline that you can't even write in a novel; no one else has experienced the excitement in just a few years as I have. So, this small drop you have doesn't scare me.
Bitcoin is sharply dropping, Ethereum is falling like this, and altcoins are not following; the market has been squeezed to the limit! Sending these gamblers to hell with paper hands!