Tencent Finance: Yiren Hua appeared in Causeway Bay on the 6th with no abnormalities, and on the same day a certain Hong Kong fund entered the market to buy the dip

BlockBeats News, February 9th. Tencent Finance's "DeepTech" published an article titled "Cryptocurrency Great Collapse: Cryptocurrency Elder Eryi Hua Lost 700 Million USD in a Week". Eryi Hua may have become the most well-known Chinese cryptocurrency market "veteran" targeted in this round of plunge, and he may have once considered continuing the game. In the first four days of February, he sold only about 190,000 Ethereum and temporarily suspended the sell-off on February 5th when he still held 460,000 Ethereum. On February 4th, Eryi Hua posted, "I am bullish on this bull market, and now is the best time to buy spot."

Just 3 days later, Eryi Hua no longer held his own views, starting to accelerate the sell-off of Ethereum held by his fund, Trend Research. On February 6th, Eryi Hua may have decided to give up resistance and sold the remaining 440,000 Ethereum in one go, of which nearly 60,000 Ethereum were sold from 9 p.m. to 12 a.m. that night. It is said that Eryi Hua appeared near Causeway Bay in Hong Kong on the 6th and stayed until around 10 p.m. that night. The on-site Eryi Hua did not show any unusual behavior. 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, and the specific scale is currently unknown. Most users no longer deny the arrival of a new crypto market winter, but the more optimistic community view believes that this round of winter may end faster than before.