💥Yi Lihua ultimately couldn't hold on anymore🔥
I have to admit, Boss Yi really poured a lot of real money into generating the online hype this time; the advertising costs are not cheap at all.
Let's simply recap this epic operation:
In the last bull market, he bought the dip on ETH and made a whopping $315 million, becoming legendary as the 'ETH Eastern Head'.
By the end of 2025, when ETH dropped to $3000, he believed he had bought the bottom. He used high leverage to open a Looped Long on Aave, peaking at a position of over 650,000 ETH, with a cost of about $3100, and kept shouting 'buying the dip in a bear market'.
As a result, in early February 2026, ETH plummeted to over $1700, and his leverage was on the brink of liquidation.
From February 1 to 8, he frantically sold 658,000 ETH over 8 days, with an average selling price of $2058.
This round directly resulted in a loss of about $690 million.
He lost all the $315 million he made last time, leading to a net loss of about $370 million.
After losing, he even posted a sarcastic tweet, summing it all up in one sentence:
I am not wrong; the market is wrong; I was set up! The bear market has come; let’s part ways, everyone take care of yourselves.
Whether there are any hidden agendas or who is manipulating things, we can't say for sure.
But most likely, Yi Lihua is just a visible pawn, while most of us aren't even pawns, just pure bystanders.
Speaking of old news, I also entered the market at the same time as him.
Back then, the drama in the circle was even more ridiculous than TV dramas:
In 2017, Yi Lihua joined Li Xiaolai's Coin Capital (INBlockchain) as a partner but was kicked out in less than 3 months.
Li Xiaolai publicly accused him of three crimes: transferring investor funds to personal accounts without permission, using his identity to open small private circles for profit, and slandering and inciting discord after leaving.
Old Cat directly lashed out: One of the people I regret knowing the most in this life!
He even suspected that the leaked recording from that year was his backstab.
Yi Lihua completely denied it, claiming he was a shareholder, not an employee, and that he left voluntarily, even getting so upset that he was hospitalized.
Li Xiaolai later apologized in his Moments, saying he was 'caught in the crossfire', but the infighting in the circle had already escalated.
That era was all about big cuts and small cuts, small cuts for the leeks.
Now looking back at Yi Lihua's recent operations, the old leeks can only smile faintly.
All I can say is, in this big stage of the crypto world, there are truly not many actors willing to perform like this.
