一早瀑布洗脸！真没想到一夜跌这么多。
几天前还对先知 @Crypto_He
设置目标的嗤之以鼻。这下直接大饼率先到了！

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I washed my face with the waterfall this morning! I never expected it to drop so much overnight.
Just a few days ago, I was referring to the prophet @Crypto_He
Those who set goals scoffed. But the BTC in the sky arrived first!

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

At a conference dedicated to the riskiest traders in finance, Miami's crypto scene appeared far different than during its pandemic-era boom.