Tencent Finance: Yellen Hua appeared in Causeway Bay on the 6th with no abnormality, and on the same day, a certain fund in Hong Kong entered the market to buy the dip
By: theblockbeats.news|2026/03/30 02:54:07
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BlockBeats News, February 9th, Tencent Finance's "DeepView" published an article "Cryptocurrency Great Collapse: Crypto OG Yihui Yi Lost 700 Million US Dollars in a Week," Yihui Yi may have become the most well-known Chinese crypto market "veteran" targeted in this round of plunge, and he may have considered continuing the game. In the first 4 days of February, he only sold about 190,000 Ethereum and temporarily suspended selling on February 5th while still holding 460,000 Ethereum. On February 4th, Yihui Yi posted, saying "optimistic about this bull market, now is the best time to buy spot."
Just 3 days later, Yihui Yi no longer stuck to his own views and began accelerating the sale of Ethereum held by his fund Trend Research. On February 6th, Yihui Yi may have decided to give up resistance and sold the remaining 440,000 Ethereum in one go, with nearly 60,000 Ethereum sold between 9 pm and 12 am that night. It is reported that Yihui Yi appeared near Causeway Bay in Hong Kong on the 6th and stayed until around 10 pm before leaving. The on-site Yihui Yi did not show any anomalies. However, at the same time, his team was executing an accelerated liquidation operation.
In addition, sources revealed that a fund in Hong Kong started bottom fishing on February 6th, but the specific scale is not yet known. Most users no longer deny the arrival of a new crypto market winter, but the more optimistic community view believes that this winter may end faster than before.
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