Yellen Huah: The Crypto Market is Currently Experiencing a Bear Market Rally, with Mid-term Risk in Strategy

On April 22, Yi Lihua—founder of Liquid Capital (formerly LD Capital)—noted the crypto market rebound is continuing as expected. “Everyone’s debating how far the rebound will go, but we can only take it one step at a time,” he said. “In fact, compared to the S&P 500 hitting a new high and MicroStrategy’s aggressive crypto buys, the current crypto rebound looks relatively weak—clearly showing traits of a bear market bounce.” He added: “Over the past two days, I’ve been closely watching MicroStrategy’s risks. Its aggressive coin-acquisition strategy may work short-term but carries medium-term risks, especially during bouts of macro financial stress. It’s critical to stay ready at all times for potential major opportunities. There’s no need to be pessimistic about crypto—opportunities in this space always emerge during bear markets. People jump into bull markets excited, only to leave with losses.”