BlockBeats News, October 11th, Liquid Capital (formerly LD Capital) founder Richard Li wrote that this was the first time he had fully liquidated since calling a bottom for ETH (on-chain disclosed). Previously, he had only used leverage for borrowing, and there are several reasons he can mention:
· First, Bitcoin rose to a new high pressure level, and without a major positive breakthrough, a pullback was imminent.
· Second, the U.S. stock market hit a new high, with AI and semiconductor companies engaging in fund rotation games that are unsustainable.
· Third, with Japan about to get a new prime minister, the risk of interest rate hikes is increasing, and interest rates have been rising.
· Fourth, altcoins in the crypto world have been falling into a slump, and the MEME frenzy has drained liquidity.
