[Tencent Finance: A Hong Kong-based fund began bottom-fishing in the crypto market on February 6 after the crash] According to Deep Tide TechFlow, on February 9, Tencent Finance's 'Qianwang' published an article titled 'The Great Cryptocurrency Crash: Crypto Veteran Yi Lihua Loses $700 Million in a Week.' The article pointed out that several crypto market investors based in Hong Kong or Singapore believe the direct trigger for this cryptocurrency market crash may have been the flash crash in silver and gold prices, which further accelerated the decline of Bitcoin and other cryptocurrencies. The 'four-year cycle' theory of the crypto market remains valid. Additionally, some private banking managers revealed that many high-net-worth clients redeemed their crypto market asset allocations over the past week. Some optimistic individuals believe that this crypto winter may end faster than previous ones. Currently, aside from Yi Lihua, no major tycoons or leading companies have gone bankrupt or fallen into crisis, and no institutions have been accused of violations. Such situations have often triggered trust crises among investors during past market crashes. It is reported that a Hong Kong-based fund began bottom-fishing on February 6, though the specific scale is not yet known.