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Yi Li Hua: The cryptocurrency market has underperformed and lacked disruptive innovation over the past four years.
ChainCatcher message, Yi Lihua stated on platform X that the current cryptocurrency market is in a bear market and the war is not over, lacking a significant rebound. The performance of the cryptocurrency sector has been disappointing over the past four years, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project parties continue to siphon off funds. Currently, the market’s capital inflow mainly comes from Wall Street ETFs, DAT, and a few believers, and there has not yet been any disruptive innovation in the crypto space.