Liquid Capital founder Yi Lihua (JackYi) reaffirmed his bullish stance on Bitcoin amid ongoing global market turbulence, emphasizing that pullbacks must play out before the next leg up. Writing on social media, Yi noted that the macro environment remains within a rate-hiking cycle and that rallies and corrections rarely move in straight lines. He pointed to prominent investors like Duan Yongping enduring large unrealized losses and a stock market guru who gave back 80% of a 10x gain as reminders that no one profits every moment. Yi also highlighted approaching U.S. midterm elections as a source of heightened volatility and trading opportunity. He disclosed plans to participate in Coinbase's newly launched global derivatives trading competition, which features a prize pool of up to 2 million USDC, framing it as a platform for traders to exchange ideas and test strategies through practice.