Tencent Finance: A fund in Hong Kong has started buying the dip since February 6

Odaily News Bitcoin experienced its largest weekly drop in three years over the past week. February 5th became an unexpected day for crypto market investors: Bitcoin fell by 13% that day, marking its largest single-day drop since June 2022, and briefly fell below $61,000 in the early hours of February 6th. Amid this sharp correction, veteran crypto figure Yi Lihua was "liquidated" of 400,000 Ethereum within a week, incurring a loss of $700 million, becoming the top "whale" ruthlessly hunted in this round of crash. However, some funds buying the dip have already begun to act. A fund in Hong Kong started buying the dip on February 6th, though the specific scale remains unknown. Some more optimistic individuals believe this winter may end faster than previous ones. Currently, apart from Yi Lihua, there have been no major wealthy individuals or leading companies going bankrupt or falling into crisis, nor have any institutions been accused of violations. Such situations have previously triggered investor trust crises multiple times during past market crashes. (Tencent Finance "Insight")