Liquid Capital founder Yi Lihua attributed the weekend crypto selloff to market pessimism triggered by developments surrounding Nvidia CEO Jensen Huang, warning that US equities could fall another 30% before a bottom is confirmed.
Yi had previously targeted key Bitcoin support levels at $79K, $75K, and $71K following an $86K pullback, with plans to buy on a right-side breakout above $77K. However, he took profits early amid the equity rout and now holds only a small spot position.
Given crypto's tight correlation with US stocks and his bearish outlook on a potential Huang return and broader equity recovery, Yi stated he will not consider dip-buying the crypto market in the short term.
Liquid Capital Founder Rules Out Short-Term Crypto Dip Buy Amid Nvidia Fallout
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