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Yi Li Hua: This time, bottom fishing in spot without leverage, insisting on adding positions on dips

3 hours ago

On November 14th, the founder of Liquid Capital (formerly LD Capital), Li Huayi, stated: "Due to the reduced expectation of a December rate cut, the US stock market and cryptocurrency experienced a sharp decline. Nevertheless, we still maintain that the range between $3000 and $3300 is the best opportunity for bottom-fishing. Our actions are in line with this belief. Previously, Ethereum encountered a black swan event and dropped to $2700. We held our position with leverage, but we were under great psychological pressure and suffered from insomnia every night. Eventually, we decided to sell off the leverage above $3000. This time, we are buying the dip in the spot market without leverage. We adhere to a strategy of buying on pullbacks and patiently wait for opportunities."
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If Bitcoin falls below $95,000, the mainstream CEX long liquidation pressure will reach 723 million.

On November 14th, based on Coinglass data, if Bitcoin drops below $95,000, the cumulative intensity of long liquidation in mainstream CEX will reach 723 million. On the other hand, if Bitcoin exceeds $99,000, the cumulative intensity of short liquidation in mainstream CEX will reach 718 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity avalanche.

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Bitcoin Temporarily Drops Below $98,000

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BSC On-Chain Meme "Hakimi" Continues to Surge, Rises 33% in 6 Hours

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White House Official: Some Key Economic Data for October in the U.S. May Be Permanently Lost

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