Trend Research's leader, Yili Hua, founder of Leade Capital, holds 580,000 Ethereum, ranking third globally. He's often called the top hunter in this cycle. Clearly, he's now teetering; his net worth of $762 million has dwindled to less than $200 million, most of which belongs to investors. Investors cannot and will not watch their positions be liquidated, so Yili Hua has had to sell Ethereum in large quantities, marking the beginning of autonomous liquidation. When large institutions maintain their health by cutting losses in the secondary market, it indicates they have no bullets left to add to their positions!

History always repeats itself, but no one learns from it. Remember 2022, when Three Arrows Capital, with $15 billion, also increased their position in Ethereum at $3,000 leverage, only to crash to $1,400 in less than a year, liquidating this once-dominant giant!

No one can fight against the cycle, and there is no eternal bull market!

Comment: We've always said to strictly take profits and cut losses; otherwise, it's easy to get liquidated! Boss Yi probably held on until he was wiped out. Boss Yi used $1.1 billion to teach us a risk lesson! Thank you, Boss Yi!

I've been thinking: with such a massive position, once forced liquidation occurs, how much will it impact the market?
$1,500? $1,300? Or $1,000?
Let's see if we can catch the bottom! It requires luck because we don't know what will trigger it! Short sellers, keep going!