Alliance co-founders reiterated that the cryptocurrency market may face a pullback of over 50%.

Odaily Planet Daily reports that Alliance co-founder @QwQiao recently reiterated his warnings about the cryptocurrency market, stating that he "pretty much" agrees with his previous predictions. He warned that the next bear market will be more severe than most people expect, mainly because a large amount of "dumb money" with little knowledge of cryptocurrencies is buying digital asset trading platforms (DATs) and ETF products.

He believes this situation "never ends well" and predicts the market may need to experience a pullback of around 50% before it can build a solid foundation and resume supercycle growth after these investors liquidate their positions. While he didn't give a specific timeframe, this reiteration demonstrates his continued conviction in this prediction.