#稳定币市场发展 Yilihua's recent accumulation logic is worth analyzing. Holding 590,000 ETH already indicates a heavily involved participant, and his decision to continue increasing his position at this point can be summarized into three core reasons: first, confidence in the market trend for Q1 2026; second, the belief that the excessive short contract holdings present a squeezing opportunity; third, macro factors such as stablecoins and the interest rate cut cycle.

From a copycat perspective, signals from top-tier traders like this are indeed worth paying attention to, but the key is to understand whether his risk tolerance and time horizon align with your own. For institutions like LD Capital, a few hundred dollars' fluctuation might be negligible, but for retail investors, it could mean the difference between full position and liquidation.

My observation is that if you want to follow strategies of such big players, it’s not just about copying position ratios blindly. Instead, you should adjust your position size based on your account scale and psychological capacity. For example, if he is heavily invested in ETH and holds assets like WLFI, you can scale down the position proportionally to 1:0.5 or 1:0.3, while setting proper stop-loss levels. The biggest risk is seeing big players increase their positions and rushing to follow, only to face a black swan event and be forced out.

The stablecoin ecosystem is indeed the core narrative for 2026, and this judgment should be sound. However, the execution pace is what ultimately determines returns.