Alliance reiterated that the Crypto Assets market may face a drawdown of over 50%.

Golden Finance reported that Alliance co-founder @QwQiao recently reiterated his warning about the crypto assets market, stating he “pretty much” agrees with his previous predictions. He had warned that the next bear market would be more severe than most people expect, mainly because a large amount of ignorant money is buying digital asset trading platforms (DAT) and ETF products. He believes that this situation will never have a good outcome and predicts that the market may need to experience a pullback of about 50%. Only after these investors clear their positions can the market establish a solid foundation and restore supercycle growth. Although he did not provide specific time points, this reiteration shows that he remains steadfast in this prediction.