Yi Lihua: The crypto market has been disappointed in the past four years and lacks disruptive innovation

Yi Lihua issued an article on the X platform saying that the current encryption market is in a bear market and the war has not yet ended, lacking a significant rebound. The performance of the crypto sector over the past four years has been disappointing. The crypto middle class, retail investors and VCs have all been harvested, while exchanges, market makers and project parties have continued to withdraw funds. At present, capital inflows into the market mainly come from Wall Street ETFs, DATs and minority believers, and there have been no disruptive innovations in the encryption field.