How does one fall into the trap of gambling addiction? Yi Lihua is an example. ┈➤ Crypto Guan Yu ╰✦ Warming Wine to Slay Hua Xiong The most widely circulated version online is that Yi Lihua was born in 1987 and graduated from Shanghai University of Science and Technology. He started his entrepreneurial journey during college and worked in sales and business after graduation. In 2013, Yi Lihua gained 5 million in initial capital through entrepreneurship, which was his first pot of gold. However, this income seemingly did not come from selling products or services, but rather from successfully applying for a project and receiving government rewards. This was Yi Lihua's first pot of gold, sourced from policy dividends. ╰✦ Slaying Yan Liang and Punishing Wen Chou From 2017 to 2021, Yi Lihua originally made a lot of money through some early major projects like EOS and Qtum. It is said that Qtum brought him a hundredfold profit. This was Yi Lihua's first pot of gold in the crypto industry, sourced from crypto dividends. ╰✦ Overcoming Five Passes and Slaying Six Generals In 2025, Yi Lihua made another brilliant move, buying ETH at a cost of around $1300 to $1400, and then selling it around $5000 near August 2025. He also knew how to take profits at high points and did not hold on greedily for more profits. This was Yi Lihua's brightest moment, stemming from his successful judgment, but whether it was based on four years of empirical experience or macro and technical analysis remains unknown. However, this might also be the peak of his self-inflation. ╰✦ Walking into the Trap In 2026, Yi Lihua bought ETH again at around $3000, and this time he was not satisfied with spot trading but used "circular leverage" by depositing ETH into protocols like AAVE to borrow stablecoins, then buying ETH again to deposit into DeFi protocols and borrow again... The result was naturally a failure. Subsequently, Yi Lihua opened a short position again... and the market started to rise. Yi Lihua overlooked two points: first, the impact of position size. When his capital was relatively small, he could trade with the trend. However, when his capital became large, he would become a key opponent of the main force (the market makers). ...