Yili Hua: The crypto market has been disappointing for nearly 4 years, with the crypto middle class, retail investors, and VCs all being harvested.

BlockBeatNews

2026-03-27 12:50:44

BlockBeats news, on March 27, Liquid Capital (formerly LD Capital) founder Yi Lihua stated that the cryptocurrency market is in a bear market, and the war is not over, with no significant rebound occurring. The cryptocurrency market has been disappointing for nearly four years; the 1011 crash harvested the crypto middle class, altcoin deaths harvested retail investors, and the 13 rules harvested crypto VCs, while trading platforms, market makers, and project teams only continue to drain resources. The only source of lifeblood comes from Wall Street’s spot ETFs and crypto treasury companies, as well as a handful of believers. Disruptive innovation in the crypto space has been delayed.

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