Yi Lihua: As long as the price of ETH is above $1,000, the position is absolutely safe.
TL;DR
Yi Lihua predicts ETH will outperform BTC in the upcoming rate cut cycle, calling it the best time to buy dips. He asserts his ETH lending positions are safe above $1,000, with previous liquidation aimed at buying more ETH.
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Odaily Odaily that Yi Lihua stated in an article that ETH's gains will outperform BTC in the upcoming interest rate cut cycle. The four-year cycle pattern has become invalid, and now is the best time to buy the dips in the crypto market. ETH will be the biggest beneficiary of this bull market. Regarding his ETH lending positions, he stated that he is fully prepared and can repay most of the loans at any time. As long as the ETH price is above $1000, the positions are absolutely safe. Furthermore, he stated that his previous liquidation at $4500 was for the purpose of buying more ETH later, not to solicit others to take over, because his individual size cannot influence the ETH trend.