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ETH has plummeted, and Yi Lihua, once a staunch bull, has become the "King of Forced Shorts"!
He was initially saying "institutional investors have entered and the price can't fall any further," but now he's selling coins daily to reduce leverage, only to see the price drop further, creating a vicious cycle. His unrealized losses are approaching $600 million! 😂 He's stubbornly holding onto the liquidation price of $1780-$1800, just one step away from liquidation.
I bet the first thing Yi does every morning is check if ETH has liquidated him…
I tried this before, and I couldn't withstand it, collapsing before dawn. Contract leverage is too mentally taxing; you end up in the ICU! 🤡
It feels like many people are waiting to pick up the pieces. Once Yi is liquidated, triggering a stampede, the bottom for ETH will be confirmed. Bulls never give up, but please don't add leverage recklessly…

子棋(重生版)
@cloakmk
02-04
易理华现阶段已成为ETH最大空头!
当前持有49.8万枚ETH,总价值约11亿美元,平均成本价3180美元,累计亏损6.05亿美元,剩余杠杆贷款7.43亿美元。
多笔借贷仓位清算价集中在1685.63-1855.16美元,核心区间1781-1808美元。 x.com/cloakmk/status…


I'm numb now. Let it fall, fall even more, fall all at once. The toughest part will only be the next month or two.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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