Yili Hua: The cryptocurrency market has been disappointing over the past four years and lacks disruptive innovation

Yili Hua posted on platform X, stating that the current cryptocurrency market is in a bear market and the war is not over, lacking a significant rebound. The performance of the cryptocurrency sector over the past four years has been disappointing, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to siphon off funds. Currently, the market's capital inflow mainly comes from Wall Street ETFs, DAT, and a few believers, and there has been no disruptive innovation in the cryptocurrency sector yet.