Liquid Capital founder Yi Lihua pointed out that the cryptocurrency market is in a bear market, the war is not over, and the rebound is weak. The market's performance over the past four years has been disappointing, with crashes and regulatory impacts causing harm to all parties; only Wall Street's ETFs and a small number of believers continue to provide support, while innovation in the crypto space is progressing slowly.

Gate News reported that on March 27, Yi Lihua published a post on platform X expressing his views on the current state of the cryptocurrency market. According to his perspective, the current cryptocurrency market is in a bear market and the war is not yet over, lacking significant rebounds. Yi Lihua stated that 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 extract funds. He pointed out that the current capital inflow in the market mainly comes from Wall Street ETFs, DAT, and a few believers, and that there has not yet been any disruptive innovation in the cryptocurrency sector.

Since the war between the U.S. and Iran began at the end of February, Ethereum has performed exceptionally well, outperforming several major assets. Fundstrat's research shows that Ethereum has risen 17% against the S&P 500, and Tom Lee believes it has significant potential as a risk-averse asset. He predicts that Ether could rise to $250,000, and multiple institutions are optimistic about investing in it. Currently, the price of Ethereum is fluctuating around $2,000, with market attention continuously increasing.

Seventy-four-year-old investor Kim Jae-wook from South Korea donated 100,000 XRP to Seoul National University Hospital, equivalent to approximately $145,000, reflecting the expanding application of crypto assets in the public welfare sector. Since 2018, he has been actively involved in charity, with total donations reaching 1.27 billion won, supporting projects such as medical care for uninsured groups.

Israeli Air Force reservists are accused of using confidential information to trade on Polymarket in order to profit from the war between Israel and Iran that began last year. The two men have been charged with serious security offenses, bribery, and obstruction of justice. They had previously successfully predicted specific military operations and earned $162,663 in profits. Details of the case have been partially disclosed, but the defendants’ names have not yet been made public.

An Israeli Air Force reservist major allegedly used confidential information to trade on Polymarket, involving last year’s war between Israel and Iran. He and an accomplice were charged with serious offenses and made $162,663 in profits. Case details became public after some court gag orders were lifted, but the defendants’ names were not disclosed.

Global market performance looks stable on the surface, but internal imbalances remain. Geopolitical risks still exist. Countries are withdrawing liquidity and stabilizing their domestic currencies through different measures; the inflation logic has shifted somewhat, and a strengthening U.S. dollar reflects liquidity being withdrawn. In the crypto market, BTC is consolidating within a range-bound, choppy zone, with price volatility kept in check. In the short term, it’s necessary to watch for changes in the macro environment to find a trend breakout.

The global market is experiencing intertwined impacts from three main factors: the U.S. easing oil and gas restrictions to suppress energy prices, rising interest rates in Japan, and tense Middle East tensions. This situation is disrupting traditional pricing, causing capital flows to shift from financial assets to physical and strategic resources. For the crypto market, Bitcoin (BTC) reflects risk appetite, with prices fluctuating between $69,000 and $72,000. Its future trend will be influenced by macroeconomic factors.

Liquid Capital founder Yi Lihua stated that the market is still waiting for clarity on the war, but there will likely be opportunities to buy the dip. He emphasized the importance of learning AI, believing that companies not using AI will be eliminated, and plans to spend half of his time working alongside AI.

As the risk of war with Iran increases, investors are selling stocks and bonds and increasing cash holdings, similar to the strategy after the Russia-Ukraine conflict in 2022. A U.S. bank survey shows that fund managers' cash holdings have reached a six-year high, and JPMorgan Chase warns that geopolitical uncertainties could negatively impact the stock and bond markets.