Yi Lihua: Crypto Market's Performance Over Past Four Years Disappointing, Lacking Disruptive Innovation

Odaily According to a post by Yi Lihua on the X platform, the current crypto market is in a bear market and the war is not over yet, lacking a significant rebound. The performance of the crypto space over the past four years has been disappointing, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to siphon off funds. Currently, the main sources of capital inflow into the market are Wall Street ETFs, DAT, and a small number of believers, and the crypto field has yet to see disruptive innovation.