Elon Musk’s Response to Further Increasing His ETH Holdings: Bullish on Q1 Performance, Will Keep Buying Until the Bull Market Arrives

BlockBeats News, December 29th, Liquid Capital (formerly LD Capital) founder Li Huayi stated in a social media post, "Consistently bullish on ETH, since the 1011 event dip to around 3000, we have been the industry's largest ETH bull (BNNR is a fixed investment method). First, we are optimistic about the 26-year mega bull market, especially in the first quarter. It is difficult to concentrate a large position at the lowest point, so we are not worried about fluctuations of a few hundred dollars.

Second, the industry's short position is overly exaggerated, with ETH futures holdings continuously at new highs and has become a dominant price factor, with the futures holdings on some platforms several times the spot volume. Finally, 26 is also the year of financial on-chain, stablecoins, interest rate reduction cycle, crypto policy, and other comprehensive bullish factors. We will continue to buy until the arrival of the mega bull market, with the maximum position in ETH, a heavy position in WLFI, and allocation to BTC/BCH/BNB. In advance, I wish everyone a Happy New Year, with a bountiful harvest in 26."

In previous news, Li Huayi's Trend Research increased its ETH holdings by 11,520 coins today, worth approximately $34.93 million.