Yilihua: The biggest selling point for bears is the 4-year cycle, but our core focus is not to miss the crypto bull market cycle. Liquid Capital founder JackYi (Yilihua) posted on X: 'The biggest selling point for bears is the 4-year cycle. In fact, 2025 is already a typical bear market, similar to the 312 phase of 2019–2020. Our core focus is not to miss the crypto bull market cycle, seize this trend, and win together.'