Liquid Capital Founder Yi Lihua Maintains Bullish Stance on Ethereum Amid Fee Surge and Leverage Decline
Yi Lihua, founder of Liquid Capital (formerly LD Capital), said on Dec. 12 he remains bullish on Ethereum, citing SEC chair comments on finance moving on-chain and U.S. political and economic elites advancing tokenization of U.S. Treasuries, BlockBeats reports. He noted the Fusaka upgrade drove blob fees higher, with single-day burns exceeding 1,500 ETH at a 98% share, adding that Layer 2 growth is feeding back to the mainnet and deflation is near. Technical indicators show speculative leverage has declined to 4% and centralized exchange inventory stands at 10%, while ETH/BTC has traded sideways and remained resilient, with short positions weakening and a potential squeeze as funds rotate from Bitcoin to Ethereum in a rate-cut cycle, he said.