On March 13, a wallet suspected of being associated with Trend Research, a subsidiary of Yi Lihua, borrowed ETH through Aave and transferred it to Binance, short 27,000 ETH, worth approximately $57.11 million .
Yi Lihua is known for shill and personally long large long positions. From last year to the beginning of this year, he entered the market at an average price of about $3,104 and long about 658,100 ETH. On February 8, he liquidated his position at an average price of about $2,058, resulting in a loss of about $688 million. When Trend Research conducted the liquidation on February 6, Yi Lihua appeared near Causeway Bay in Hong Kong that afternoon and stayed until about 10 p.m. before leaving. At that time, Yi Lihua did not show any unusual behavior.
On March 10, Yi Lihua posted another shill, saying, "The speed of AI development and the anxiety it evokes are terrifying. We should stay true to our original intentions and return to the crypto industry. First of all, any price of ETH below $2,000 is a buy the dips opportunity with a high probability of success in both the short and long term. Secondly, according to cycle theory, this year is also a bottoming opportunity, which is suitable for us to prepare for the establishment of a new fund and platform."
