Yi Li Hua: The crypto market has been disappointing over the past four years, with the middle class, retail investors, and VCs all getting caught.

金色财经_ · 2026-03-27T20:01:23+00:00

Yi Lihua pointed out in an article on Golden Finance that the current crypto market is in a bear phase, with weak rebounds. The past four years have been disappointing. Although investors and retail traders have suffered losses, only Wall Street's ETFs and a few believers continue to support it. Combining cycle patterns, a new bull market has not yet shown any disruptive innovation.

金色财经_

2026-03-27 20:01:23

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According to Jinse Finance, on March 27, Liquid Capital (formerly LD Capital) founder Yi Lihua stated that, first, the crypto market is in a bear market, and second, the war is not over, with no significant rebound. The past four years in the crypto space have been disappointing; 1011 harvested the crypto middle class, altcoin deaths harvested the crypto retail investors, and the 1➕3 rule harvested crypto VCs, while exchanges, market makers, and project teams continuously drained resources, with the only lifeblood coming from Wall Street’s ETFs and DAT, as well as a few believers. Meanwhile, disruptive innovation in crypto has yet to occur, so the new bull market’s emergence is either due to the four-year cycle pattern or other reasons.

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