$CHESS
Bear market countdown of 60 days ends? Liquid Capital founder Yi Lihua speaks out: The bear market in the crypto space may soon come to an end.
Liquid Capital founder Yi Lihua's latest statement has stirred the scene—after 60 days of a crypto bear market, it is highly likely to turn the page, and now is the key moment for diamond hands to hold strong!
There’s no need to elaborate on how grueling this bear market has been. The “1011” crash triggered a liquidity crisis, compounded by a four-year cycle resonance, causing many retail investors to buy at half-mountain and be directly taught a lesson by the market. Although during this period $BTC surged past $93,000, BCH reached a recent high, and WIFI soared and stabilized, $ETH was massively shorted by institutions, and the overall market lagged behind the stock market and macro positives, how many people are losing patience?
But a turning point has truly arrived! The SEC and the Federal Reserve have successively welcomed crypto-friendly leaders, and positive changes at the policy level are injecting a strong stimulus into the market; expectations for Federal Reserve interest rate cuts are high, coupled with Japan slashing the crypto tax from 50% to 20%, and multiple central banks beginning to buy crypto assets, a multitude of good news is flooding in. Yi Lihua bluntly stated that the bearish sentiment has been fully digested, expectations for easing in December combined with clearer regulations, ETH's current price is severely undervalued, and if we survive November, we can expect a short squeeze, don’t let this wave make you a paper hand!
Here comes the key point: Institutional funds have been frantically accumulating through ETFs and DAT, and the current market is dominated by whales in a structural market. Do you think the rebound will start with hot sectors like Layer2 or AI + blockchain, or will ETH sound the horn for counterattack first? Is there a chance for your altcoins to make a comeback? Feel free to share your holding logic and favored targets, and let’s chat about the wealth codes in the comments!