Market Volatility Amid Interest Rate Speculations

According to BlockBeats, Yi Lihua, founder of Liquid Capital, formerly known as LD Capital, commented on the recent market fluctuations. He noted that the decline in expectations for a December interest rate cut has led to significant drops in both U.S. stocks and cryptocurrencies. Despite this, he maintains that the $3,000 to $3,300 range presents an optimal buying opportunity. Yi shared his previous experience with Ethereum, which fell to $2,700 due to unforeseen market events. Despite holding leveraged positions, the psychological strain was immense, leading to sleepless nights. Consequently, he decided to remove leverage when Ethereum surpassed $3,000. Currently, he is focusing on spot buying without leverage, adhering to a strategy of increasing positions during market pullbacks and exercising patience.