Yi Lihua: The current trend remains bullish, but the crypto industry is at a low point.

October 24: Liquid Capital founder Yi Lihua stated in a post that although he still holds a bullish view on the market trend in this cycle, the crypto industry is indeed in a trough, with AI having drawn away a large amount of talent and capital.

Reviewing recent market judgments, he said that over the past two months he has consistently maintained a call for a pullback near $86,000, similar to judging the end of a rebound near $84,000 in May. Since calling for buying the dip in ETH at $1,450 more than a year ago, there has been only one obvious mistake, and he emphasized the need to grow from mistakes.

Yi Lihua believes that most markets are not suited to Buffett-style value investing, and the crypto industry's performance in recent years has been the same. He stated: "Patience is the best strategy."