Odaily Planet Daily reports that Bitcoin experienced its largest weekly decline in three years over the past week. February 5th became an unexpected day for crypto market investors: Bitcoin dropped 13% that day, marking the largest single-day decline since June 2022, and briefly fell below $61,000 in the early hours of February 6th. During this intense correction, veteran crypto investor Yi Lihua liquidated 400,000 ETH within a week, incurring a loss of $700 million, making him the top “whale” ruthlessly hunted during this round of plummeting. However, some dip-buying funds have already started to act; a Hong Kong-based fund began accumulating assets on February 6th, though the exact scale remains unknown. Some more optimistic analysts believe this winter could end faster than previous ones. Currently, aside from Yi Lihua, there are no reports of major billionaires or leading companies going bankrupt or facing crises, nor are there any institutions accused of violations. Such situations have previously triggered investor confidence crises during past market crashes. (Tencent Finance “Qianwang”)
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