Liquid Capital founder Yi Lihua said traders should not stubbornly hold leverage, adding that he bought Bitcoin at $77,000 and exited when it fell back to $78,000-$79,000 as US stocks turned. He said the macro backdrop is not optimistic and he is waiting for a clearer entry point.
Yi Lihua says he exited Bitcoin at $78,000-$79,000 after leverage warning
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The story so far: Yi Lihua bitcoin pullback calls
Liquid Capital founder Yi Lihua warned of a Bitcoin pullback near $86,000 and stayed in cash, then turned bullish with a $120,000 target. He bought Bitcoin at $77,000 and exited at $78,000-$79,000, warning against stubborn leverage as US stocks turned. He now says he is not buying the dip yet, citing fallout…
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Yi Lihua says he exited Bitcoin at $78,000-$79,000 after leverage warning
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