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Yi Lihua: Sharp Decline Caused by Multiple Factors, Meme Craze Drains Market Liquidity and Kills Altcoins
Summary: In a recent post, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated that this is the first time he has completely cleared his position since calling for ETH longs. He cited several reasons for this move: Bitcoin reaching a new high pressure point without a major breakthrough, US stocks hitting new highs with ...
In a recent post, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated that this is the first time he has completely cleared his position since calling for ETH longs. He cited several reasons for this move: Bitcoin reaching a new high pressure point without a major breakthrough, US stocks hitting new highs with AI and semiconductor companies engaging in fund games that are unsustainable, increased interest rate risks and rising rates in Japan following the upcoming change in prime minister, and the continuous decline of altcoins in the crypto market with the MEME craze draining liquidity.
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Link: Yi Lihua: Sharp Decline Caused by Multiple Factors, Meme Craze Drains Market Liquidity and Kills Altcoins [Copy]
