Yi Li Hua: The cryptocurrency market has underperformed and lacked disruptive innovation over the past four years.

Odaily · 2026-03-27T19:49:25+00:00

Odaily Planet Daily reports that Yili Hua posted on the X platform stating that the current crypto market is in a bear market and the war has not yet ended, with no significant rebound. The performance of the crypto sector over the past four years has been disappointing, with crypto middle class, retail investors, and VCs all being squeezed, while exchanges, market makers, and project teams continue to drain funds. Currently, the main sources of capital inflow are Wall Street ETFs, DAT, and a few believers, and there has yet to be any disruptive innovation in the crypto space.

Odaily

2026-03-27 19:49:25

Odaily Planet Daily reported that Yili Hua said in a post on the X platform that the current crypto market is in a bear market and the war has not yet ended, leaving no significant rebound. The performance in the crypto space over the past four years has been disappointing: crypto middle-class investors, retail traders, and VCs have all been taken advantage of, while exchanges, market makers, and project teams continue to pull out funds. At present, the market’s inflows mainly come from Wall Street ETFs, DAT, and a small number of believers, and the crypto space has not yet produced any disruptive innovation.

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