On March 13, a wallet seemingly associated with Trend Research under Yi Lihui's management borrowed ETH through Aave and transferred it to Binance, shorting 27,000 ETH worth approximately $57.11 million.

Yi Lihui is known for calling ETH and personally taking large long positions. From last year through early this year, he entered the market going long approximately 658,100 ETH at an average price of around $3,104. He liquidated his position on February 8 at an average price of approximately $2,058, resulting in a loss of approximately $688 million. When Trend Research conducted its liquidation on February 6, Yi Lihui was spotted near Causeway Bay in Hong Kong that afternoon and remained there until around 10 PM that night. The Yi Lihui present at the scene showed no signs of distress at that time.

On March 10, Yi Lihui posted again to call ETH, stating: "The development speed and anxiety of AI are terrifying, returning to the crypto industry without forgetting our original intention. First, ETH below $2,000 is an opportunity to buy the dip, with high win rates for both short-term and long-term plays. Second, according to cycle theory, this year is also a major bottom opportunity, suitable for us to prepare new funds and platforms."