The most ironic scenario in the cryptocurrency world is often not how much the price has dropped, but whether those who are bullish are actually hedging their positions.
Yi Lihua recently predicted the "best time to buy".
On February 3, Yi Lihua posted a very optimistic bullish statement on Twitter, which garnered 514,000 views. He wrote:
As bulls in this round, we remain optimistic about the next bull market: ETH will reach over $10,000, and BTC will exceed $200,000. We have only made some adjustments to manage risk, but our expectations for a major bull market remain unchanged... Now is undoubtedly the best time to buy spot, based on investment returns over the next three years.
He added, "Volatility is the biggest characteristic of the crypto. Countless bulls have been shaken off by this volatility throughout history, but they have often been followed by a doubled rebound."
The outcome was that almost all 645,000 ETH were liquidated.
However, after the crypto market experienced a nearly four-day plunge, Trend Research, owned by Yi Lihua, continued to transfer large amounts of ETH to Binance for stop-loss selling.
- Peak holdings : Approximately 645,000 ETH, worth over $1.8 billion.
- February 1-4 : Sold 153,500 ETH at an average price of $2,294, with a stop-loss order, worth $352 million.
- Continued reduction in holdings : Subsequently, 20,000 and 30,000 ETH were transferred to Binance multiple times.
- Latest holdings : Currently, the on-chain address has only 21,300 ETH (approximately $43.94 million), representing a 96% sell-off.
Trend Research's ETH holdings were primarily established through the Aave lending protocol, with peak stablecoin borrowing reaching approximately $958 million.
Lou Jiyue, the wife, said, "Let's see if the US stock market will trigger a circuit breaker within two weeks."
What makes this drama even more fascinating is Yi Lihua's wife, Joy Lou. Coming from a family with a long history in finance, and the founder of the cryptocurrency quantitative fund Tokenmania, who manages assets exceeding 40,000 BTC, Joy Lou is a powerful figure in the crypto.
On the morning of February 6th, while her husband's Trend Research was still selling ETH, Lou Jiyue posted a thought-provoking prediction on Twitter:
Let's see if the US stock market will trigger a circuit breaker within two weeks.
On one hand, the husband insisted that "the bull market expectation remains unchanged and now is the best time to buy," while on the other hand, the wife predicted that the US stock market was about to crash to the point of triggering the circuit breaker mechanism. This stark contrast immediately ignited discussion in the crypto community.
The topic of "one of the couple must suffer a loss" is hotly debated on social media.
Popular crypto KOL AB Kuai.Dong summarized the couple's contrasting actions on Twitter and commented scathingly:
Good heavens, one of the couple has to kick the bucket, right? Yi Lihua is still holding on to his bullish position and refusing to close his position, while Lou Jiyue is betting on a US stock market crash and circuit breaker.
The opinions expressed in the community are not without merit. While Yi Lihua tells the public that "now is the best time to buy," his wife is very bearish on the matter.
Lou Jiyue, a professional investor with a background in quantitative trading, predicted that the US stock market circuit breaker would include macroeconomic uncertainties. If the US stock market really crashes, the crypto market is likely to suffer a more severe sell-off.
The opposing views of husband and wife are like two people playing cards together; it's a clever form of risk control. Yi Lihua admitted after the crash that he "couldn't help but be bullish," stemming from the optimistic inertia formed from his past entrepreneurial experience. He tried to buy the dips when Bitcoin was at $100,000 and Ethereum at $3,000, only to catch a falling knife halfway down the mountain.
Has deleveraging in the crypto ended? We don't know, but we've certainly had our fill of gossip.
