📉 Market Insight: Yi Lihua Explains the Drivers Behind the Crypto Plunge Li Zekai, founder of Liquid Capital (formerly LD Capital), said the latest cryptocurrency market sell-off stemmed from multiple macro and sector-specific pressures, marking his first full position liquidation since predicting an ETH bottom. 🔹 Bitcoin hit a significant resistance level, triggering a natural pullback in the absence of new bullish catalysts. 🔹 US stocks hit new highs, particularly in AI and semiconductor stocks, leading to a temporary outflow of funds from cryptocurrencies. 🔹 Japan's political shift and potential interest rate hikes exacerbated global risk aversion. 🔹 Meanwhile, the memecoin frenzy drained liquidity, leaving altcoins vulnerable and accelerating downward momentum. ⚠️ Market Note: Given MEME's 34.9% drop and ETH's 12.06% drop, traders should closely monitor liquidity conditions—a rebound may hinge on a return of funds to major assets. #CryptocurrencyMarket #ETH #MEME #MarketAnalysis