Yi Lihua: Short sellers overemphasize the four-year cycle; the key is to grasp the main trend of the bull market.

Liquid Capital founder Yi Lihua stated in an article on the X platform that some short sellers are using a "four-year cycle" as their main logic, believing that 2025 has entered a bear market phase similar to 2019-2020, with the market potentially experiencing prolonged sideways movement or even undergoing a shakeout through extreme volatility. He pointed out that Trend Research had previously positioned itself at Ethereum's low point and liquidated its positions during the high-level consolidation phase, and these operations have been verified on-chain. Yi Lihua emphasized that the team will not change its established strategy due to sentiment or short-term noise; the core objective is to grasp the main trend in the long-term cycle of the crypto market, avoid missing bull market opportunities, and thus achieve long-term returns.