$ETH Yi Lihua has almost liquidated all of his ETH. The man who bet twenty billion ETH at 3000 ultimately lost nine billion and exited. This should be one of the signals of a short-term bottom.

Yesterday, with 83 dollars left until Yi Lihua's liquidation, he decisively reversed, as the essence is still that the short positions are too crowded; everyone wants a piece of the soup. Yi Lihua's position totals one billion dollars, and those eyeing him to short definitely exceed one billion. This wave of decline is fast and fierce, with many long positions in contracts getting liquidated, and even spot holders have lost faith; instead, those shorting are enjoying substantial profits, and the contract open interest has decreased. This atmosphere may brew a significant rebound.

The funding rates for the three mainstream coins, BTC, ETH, and SOL, are all negative, indicating how crowded the short positions are right now, right?

To put it simply, BTC is temporarily expected to rebound at 20,000 points, projected to reach around 80,000. ETH and SOL are no longer of concern; in a bear market, only BTC is bought.