Yi Lihua: The plunge was caused by multiple factors, and the meme craze drained market liquidity and killed altcoins.
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最新报道：According to Bijie.com, on October 11, Yi Lihua, founder of Liquid Capital (formerly LD Capital), wrote that this was the first time he had completely liquidated his position since he first called for a single ETH position (as evidenced on the chain). Previously, he had only used leverage to borrow. There are several reasons for this: · First, Bitcoin has risen to a new high pressure level, and without a major positive breakthrough, it will have to pull back. · Second, the US stock market has reached a new high, and AI and semiconductor companies are playing a Ponzi scheme, which cannot be sustained. · Third, with Japan about to change its prime minister, the risk of interest rate hikes has increased and interest rates have continued to rise. · Fourth, the cryptocurrency altcoins have been falling, and the MEME craze has drained liquidity.
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ETH rebounded above 3800 USDT, narrowing its 24-hour decline to 12.64%.
- OKX market data shows that ETH rebounded above 3800 USDT and is currently trading at 3800....
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