#易理华割肉清仓 - Average buying price: about $3100-3180 (mainly leveraged long positions at high points from late 2025 to January 2026).

- Average selling price: around $2050-2100 (some sold as low as $1500-1800 without considering costs).

- Loss scale: mainstream data statistics show a loss of $688 million to $734 million (approximately 5 billion RMB), nearly wiping out over 300 million+ profits from the last bull market and incurring a loss of principal. The entire liquidation process was mainly completed within 6-8 days, with the last transfer of 534 ETH to Binance leaving only a small amount on-chain (0.165 ETH).

- Reason: ETH plummeted over 40%-46% from its peak (at one point crashing to the $1500-2000 range), compounded by leverage and large positions, facing forced liquidation risks. To protect the principal and LP funds, he had no choice but to cut losses to deleverage, even forming a vicious cycle of "selling more as it falls." Some analyses suggest he may have signed a bottom guarantee agreement with investors, leading to the necessity to liquidate at all costs.

This incident caused a stir in the cryptocurrency circle:

- Many joked, "When Boss Yi cuts losses, the market hits the bottom" (a contrarian indicator is "flashing").

- Others lamented, "Cutting losses under the gaze of the entire network is a form of torture," after all, he is a veteran who has experienced multiple cycles, yet this time he went all in at high leverage, path dependence (after making 300 million+ in the last round of leverage, he confidently expanded his position threefold).

- Meanwhile, BTC also experienced its largest weekly decline in three years (halving from a high of 120,000 to 60-70,000), and other big players like Arthur Hayes also cut losses/left the market, with the market fear and greed index dropping to a very low level (7-13).

Current market follow-up (as of February 11, 2026):

- BTC has violently rebounded past 71,000, and ETH has also recovered to $2100, but overall it is still in a high volatility + panic cleansing phase.

- Yi Lihua himself stated in a post that "the bear market is the best time for layout," implying he has liquidated and is waiting for the next round.

- There is significant division in the community: some feel this is a complete surrender/liquidation signal, while others believe that after excessive leverage is cleaned up, it will be healthier (a classic moment of "others fear, I am greedy").

In summary: There is no deity in the cryptocurrency world that never cuts losses, this time even the "mystical beacon" suffered a loss and exited the market, reminding everyone—high leverage + heavy-position faith = double-edged sword, surviving is more important than how much you earn. Don't go all in, don't be "Yi Lihua's opponent," the first principle of a bear market is to protect the principal.