Following significant losses during the "October 10th Crash" and a subsequent market downturn in early 2026, Jack Yi, the founder of Liquid Capital and a prominent figure in the Chinese crypto community, has shared a bullish long-term outlook for digital assets. Despite being forced to liquidate major Ethereum positions to manage risk, Yi maintains that the fundamental bull cycle remains intact.
New Price Predictions
Yi's revised targets for the next major upward wave suggest massive growth from current levels:
Bitcoin (BTC): Predicted to surpass $200,000.
Ethereum (ETH): Expected to rise above $10,000.
Context of the "Whale" Losses
The market volatility leading up to February 4, 2026, has seen several high-profile liquidations.
Jack Yi / Liquid Capital: Forced to sell Ethereum positions at a loss during a sharp decline, citing the need for "risk control" despite unchanged long-term expectations.
Hyperunit Whale: Linked to Garrett Jin, this entity reportedly suffered a $250 million loss after closing a massive Ethereum long position as the price slid toward $2,400 in late January 2026.
Current Market Conditions: As of February 3, 2026, Bitcoin is trading around $77,000, down significantly from its October 2025 all-time high of $126,000.
Comparison with Other Whale/Analyst Predictions
While Jack Yi remains optimistic, other major figures offer varying outlooks for 2026:
Arthur Hayes: Predicts Bitcoin could hit $500,000 to $1 million by the end of 2026, driven by a massive expansion in global dollar liquidity.
Justin Sun: Viewed the recent dip as a buying opportunity, planning a $100 million Bitcoin purchase for the Tron treasury as prices fell below $75,000.
Bearish Counterpoint: Bloomberg's Mike McGlone has warned of a potential crash to $10,000 by 2026 due to "post-inflation deflation" and increased competition.
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