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>>Bitcoin and altcoin prices fell yesterday, and a Chinese analytics firm's founder has explained the four key factors contributing to the drop.

Bitcoin and altcoin prices fell yesterday, and a Chinese analytics firm's founder has explained the four key factors contributing to the drop.

crypthub

2 days ago

Market Downturn Analysis

Yi Lihua, founder of Liquid Capital, recently assessed the cryptocurrency market’s recent declines on social media. He attributed the downturn to multiple contributing factors, prompting a significant decision regarding his holdings. Lihua announced his complete liquidation of all positions, a departure from his previous leveraged borrowing strategy.

Bitcoin and US Stock Concerns

Lihua highlighted Bitcoin’s failure to achieve a strong breakout after reaching a peak, indicating a likely pullback. He voiced concerns about artificial inflation in US stock markets, particularly within the AI and semiconductor sectors. Lihua believes this market surge is unsustainable and resembles a “Ponzi game.”

Global Economic and Altcoin Impact

Political shifts and rising interest rate risks in Japan were identified as additional negative influences. The recent memecoin surge has reportedly drained liquidity, negatively impacting altcoins. Lihua noted the broader effect of these factors on the market’s performance.