Tencent Finance: A certain fund in Hong Kong started buying the dip on February 6th.

SmartContractAuditor · 2026-02-09T04:51:20+00:00

In the past week, Bitcoin experienced its largest single-week decline in three years, with a 13% drop on February 5th, briefly falling below $61,000. Crypto whale Yi Lihua lost $700 million and liquidated 400,000 Ethereum, but some funds have started to buy the dip. Optimists believe the winter may end quickly, and currently, top billionaires have not faced a crisis.

SmartContractAuditor

2026-02-09 04:51:20

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Odaily Planet Daily reports that Bitcoin experienced its largest weekly decline in three years over the past week. February 5th became an unexpected day for crypto market investors: Bitcoin dropped 13% that day, marking the largest single-day decline since June 2022, and briefly fell below $61,000 in the early hours of February 6th. During this intense correction, veteran crypto investor Yi Lihua liquidated 400,000 ETH within a week, incurring a loss of $700 million, making him the top “whale” ruthlessly hunted during this round of plummeting. However, some dip-buying funds have already started to act; a Hong Kong-based fund began accumulating assets on February 6th, though the specific scale remains unknown. Some more optimistic individuals believe this winter could end faster than in previous cycles. Currently, aside from Yi Lihua, there are no reports of major billionaires or top companies going bankrupt or falling into crisis, nor are there any institutions being accused of violations. Such situations have previously triggered investor trust crises during past market crashes. (Tencent Finance “Periscope”)

BTC-2,26%

ETH-2,37%

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