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Li Hua has closed all positions in ETH for the first time, as four unfavourable information factors have raised market concerns.
【Block Rhythm】On October 11, Yi Lihua, the founder of Liquid Capital (formerly LD Capital), stated in a post that this is the first time to close all positions (on-chain disclosure) since advocating ETH. Previously, it was only about borrowing leverage, and there are a few reasons to mention:
· First, Bitcoin has risen to a new high resistance level; without a major positive breakthrough, it will likely pull back.
· Second, the US stock market hits a new high, AI and semiconductor companies are playing a capital game, which cannot be sustained.
· Third, with Japan about to have a new prime minister, the risk of interest rate hikes increases and rates have been rising.
· Fourth, the cryptocurrency market's altcoins have been in a continuous downtrend, with MEME mania sucking away liquidity.