Li Hua Yi: The cryptocurrency market is in a bear market, and its performance over the past four years has been disappointing and lacking in disruptive innovation.

Gate News reported that on March 27, Yi Lihua posted on the X platform expressing views on the current state of the cryptocurrency market. According to his perspective, the current crypto market is in a bear market and the war is not over, lacking significant rebounds. Yi Lihua stated that the past four years have been disappointing for the crypto sector, with crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to siphon off funds. He pointed out that the current influx of funds into the market mainly comes from Wall Street ETFs, DAT, and a few believers, and that there has not yet been any disruptive innovation in the crypto space.