Cryptocurrency Catastrophe: Veteran Yi Lihua in the crypto circle loses 700 million dollars in a week
Crypto cloud travel
The cryptocurrency market has given back all the gains brought about by Trump's ascension, plummeting dramatically in an epic fall, allowing the word—'risk', temporarily forgotten by greed, to once again stare menacingly at all investors.
In the past week, Bitcoin experienced its largest weekly decline in three years. February 5th became an unexpected day for cryptocurrency market investors: Bitcoin fell by 13% that day, marking the largest single-day drop since June 2022, and at one point on February 6th, it fell below 61,000 dollars.
In this wave of severe correction, veteran in the crypto circle, Yi Lihua, 'liquidated' 400,000 Ethereum within a week, suffering a loss of 700 million dollars, becoming the number one 'whale' mercilessly hunted in this round of collapse.