Yi Lihua: The 60-day bear market in the cryptocurrency market may come to an end, and I remain optimistic about the subsequent market trends

Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media: "Although BTC has returned to $93,000, BCH has recently reached a new high, and WLFI has also surged and stabilized, ETH and the overall market are lagging behind the stock market and the favorable macro environment. With the confirmation of another crypto-friendly new chairman (of the Federal Reserve) following the SEC chairman, the crypto market's 60-day bear market may come to an end. This 60-day bear market was caused by the '1011' crash, which led to a severe decline in liquidity across the industry, as well as the resonance of the four-year cycle, Japan's interest rate hikes, and the government shutdown, among other factors. However, these negative factors have now been digested. With the dual benefits of interest rate cut expectations and favorable crypto policies, we remain optimistic about the subsequent market trends. Investment always requires not only wisdom but also patience."