Yi Lihua: Bitcoin's pullback to $86,000 aligns with prior expectations, crypto industry remains at a low point

On October 24, Jack Yi, founder of LD Capital, posted on X stating that his team has maintained a prediction for two consecutive months that Bitcoin will pull back to around $86,000, similar to their assessment in May this year that Bitcoin's rebound would end near $84,000. He emphasized that investors need to learn from their mistakes, and waiting patiently remains a key strategy in the current market.

Yi pointed out that while the broader crypto market this cycle exhibits bullish characteristics, the industry is actually still at a low point. He noted that the long-term price performance of crypto assets in recent years has been subpar, and the AI industry has attracted a significant amount of talent and capital that might have otherwise flowed into the crypto sector, further hindering industry development.