Yilihua: The performance of the crypto market in the past four years has been disappointing and lacks disruptive innovation

According to Odaily, Yilihua stated on the X platform that the current crypto market is in a bear market and the war has not yet ended, lacking any significant rebound. Over the past four years, the performance in the crypto sector has been disappointing; the crypto middle class, retail investors, and VCs have been squeezed out, while exchanges, market makers, and project teams continue to siphon off funds. At present, capital inflows into the market mainly come from Wall Street ETFs, DAT, and a small number of believers, and there has yet to be any disruptive innovation in the crypto space.