BlockBeats News, February 6th, Jiang Zhuo’er, founder of Lebit Mining Pool (B.TOP), stated in a post that Yi Lihua continues to sell ETH to deleverage, predicting that “his purpose is to lower the liquidation line to around 1500 (USD).”
“Currently (Yi Lihua’s large long positions liquidation) this bomb has been mostly defused. In the past 13 hours, ETH has withstood concentrated unwinding of 220,000 ETH, still holding steady around 1900, indicating strong buying pressure in the market, with a strong intention to repair oversold conditions.”
In previous news, Jiang Zhuo’er stated this morning that the current decline has been severely oversold, and he has bought the dip in ETH at $1850, “This kind of oversold condition is an opportunity that only occurs once a year.”
