[Yi Lihua: Spot Bottom-Fishing Without Leverage, Add Positions on Pullbacks]
On November 14, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated that the decline in expectations for a rate cut in December has led to a sharp drop in U.S. stocks and the crypto market. However, he still believes that $3,000 to $3,300 is the best bottom-fishing opportunity. He mentioned that previously, when Ethereum pulled back to $2,700 due to a black swan event, he held on while using leveraged borrowing, but due to significant psychological pressure, he prematurely removed the leverage when Ethereum's price rebounded above $3,000. This time, he will adopt a spot trading strategy without leverage and stick to the approach of adding positions on pullbacks, patiently waiting for opportunities.