The WLFI Foundation of the Trump family sold 5,471 Ethereum (ETH) at an average price of $1,465, successfully cashing out approximately $80.1 million.

However, tracing its purchase history, the fund had previously invested about $210 million to acquire 67,498 Ethereum at an average price of $3,259 each, and the current paper loss amounts to approximately $125 million.

Earlier, questions were raised about the fund's strategy of heavily investing in Ethereum, as its herd behavior led many retail investors into deep losses. Unlike the real monetary losses of retail investors, WLFI is able to realize profits even after selling, while retail investors can only silently bear their losses.

Now, in the face of a continuously declining market, WLFI has also chosen to make painful sacrifices, which undoubtedly reaffirms that even in the investment world, faith often struggles to withstand the harshness of reality.

Another shocking piece of news is that MicroStrategy is also facing significant financial pressure, publicly stating that if the price of Bitcoin (BTC) continues to decline, the company may have to sell its held Bitcoin below cost to meet financial obligations.

It is reported that MicroStrategy currently holds 528,185 Bitcoins, with an average cost price of $67,458, totaling approximately $40.119 billion in value. If forced to sell, $745 may no longer be the market bottom, but rather signal a further slide towards the $6,000 range.

In the face of such a severe situation, all cryptocurrency investors must remain vigilant and prepare for adequate defense. Panic is spreading, and whether the price of Ethereum can drop below three digits has become the focus of market attention.

Recently, a friend wanted to go long on Ethereum, but unfortunately faced a heavy loss due to liquidation. I had advised him to act cautiously, as the volatility of Ethereum at over $2,800 is enough to make one anxious.