易理华：Bears Overemphasize the Four-Year Cycle; The Core is to Grasp the Main Trend of the Bull Market

Odaily News Liquid Capital founder Yi Lihua posted on the X platform, stating that some bears use the "four-year cycle" as their main logic, believing that 2025 has entered a bear market phase similar to 2019-2020, and the market may experience prolonged sideways movement or even complete a shakeout through extreme volatility. He pointed out that Trend Research completed its positioning during the low phase of Ethereum in the previous market cycle and liquidated its holdings during the high volatility range. These operations have been verified on-chain.

Yi Lihua emphasized that the team will not change its established strategy due to emotions or short-term noise. The core objective is to grasp the main trend within the broader cycles of the crypto market, avoid missing out on bull market opportunities, and thereby achieve long-term returns.