Yi Lihua: The 60-day bear market in the crypto market may have ended.

Odaily Planet Daily reports that Yi Lihua stated in an article that although Bitcoin has returned to $93,000, BCH has hit a new high, and WLFI has stabilized after its rise, Ethereum and the overall crypto market still lag behind the stock market and the current favorable environment. He believes that with the appointment of another crypto-friendly Federal Reserve chairman after the SEC chairman, the approximately 60-day bear market in the crypto industry may be coming to an end.

Yi Lihua pointed out that this round of decline was mainly caused by the liquidity contraction triggered by the "1011 incident," as well as the superposition of multiple factors such as the four-year cycle resonance, Japanese interest rate hikes, and the US government shutdown. Currently, the relevant negative factors have been largely cleared up. With the resonance of interest rate cut expectations and policy benefits, he remains optimistic about the subsequent market trend, emphasizing that "investment requires not only wisdom but also patience."