Jiang Zhuoer: It is expected that the Yi Li Hua margin call line will drop to $1,500, and Ethereum has a strong intention to recover from oversold conditions.

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On February 6th, Jiang Zhuoer, founder of the LaBit Pool (B.TOP), stated that Yi Lihua continues to sell ETH to reduce leverage, predicting “his goal is to lower the liquidation line to around 1500 USD.” “Currently (Yi Lihua’s large long positions being liquidated), this bomb has basically been dismantled. In the past 13 hours, ETH has experienced a concentrated reduction of 220,000 ETH, and it still remains around the 1900 level, indicating strong market buying interest and a strong intention to recover from oversold conditions.” Earlier, Jiang Zhuoer mentioned this morning that the current decline has severely oversold the market, and he has bottomed ETH at $1850, “This kind of oversold condition is an opportunity that only appears on a yearly basis.”

ETH7,19%
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