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ChainCatcher News, Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media: "(I) started bottom-fishing at $1,800 in the first half of the year, eventually dropped to $1,350 and called for bottom-fishing at $1,450, then sold everything around $4,500 to escape the top. Later, it rose to $4,700. No one can catch the absolute bottom or sell at the absolute top. This time, I suggest bottom-fishing spot at $3,000-$3,300, do not trade contracts, as the situation is still unclear. In recent days, changes in Japanese interest rate hikes and US rate cuts, as well as the AI bubble and the US economy, have led to a decline in US stocks, causing ETH to briefly fall below $3,000. However, we are holding our spot positions steady. Once again, I remind everyone that spot volatility in the crypto market is already significant enough; unless you are a top professional, do not play with contracts. After observing these past few days, as US stocks continue to fall, crypto will likely keep dropping as well. It is normal for BTC and ETH to drop another 10 points, but we choose to stay put and rest. Sincerely sharing is also a kind of happiness—no one can be 100% correct."

According to ChainCatcher, on-chain analyst Yu Jin monitored that a certain whale address withdrew 20,726 ETH from an exchange in the past 2 hours, worth 62.5 million US dollars, at an average price of 3,015 US dollars. Previously, this address had sold 10,000 ETH at a price of 3,896 US dollars.