律动BlockBeats|Feb 09, 2026 05:04
[Tencent Finance: Yi Lihua Appears in Causeway Bay on the 6th Without Abnormalities, Same Day a Hong Kong-Based Fund Enters to Bottom Fish]
BlockBeats reports that on February 9, Tencent Finance's 'Deep Dive' published an article titled 'The Great Cryptocurrency Crash: Crypto Veteran Yi Lihua Loses $700 Million in a Week.' Yi Lihua may have become the most prominent Chinese veteran in the crypto market to be targeted during this round of sharp declines, and he may have once considered continuing to gamble. In the first four days of February, he sold only about 190,000 ETH and temporarily paused selling on February 5, still holding 460,000 ETH at the time. On February 4, Yi Lihua posted that he was 'optimistic about this bull market, and now is the best time to buy spot.'
Just three days later, Yi Lihua no longer adhered to his viewpoint and began accelerating the sale of Ethereum held by his fund, Trend Research. On February 6, Yi Lihua may have decided to give up resisting and sold off the remaining 440,000 ETH in one go. Between 9 PM and midnight that evening, nearly 60,000 ETH were sold. It is reported that Yi Lihua appeared near Causeway Bay in Hong Kong on the afternoon of the 6th and stayed until around 10 PM before leaving. On-site, Yi Lihua did not exhibit any abnormalities. However, at the same time, his team was executing an accelerated liquidation operation.
Additionally, sources revealed that a Hong Kong-based fund began bottom fishing on February 6, though the specific scale remains unknown. Most users no longer deny the arrival of a new crypto market winter, but more optimistic community opinions suggest that this round of winter may end faster than previous ones.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink