One Key Takeaway: Calculating the present bottom by percentage doesn't seem to be accurate, but the underlying industry logic is shifting
BlockBeats News, November 6th, Binance co-founder He Yi responded to a community user's question "Are you sure it's not a bear market now": "Of course not sure, but it doesn't affect my long-term confidence in the industry. If calculated by historical percentage, it's obviously not the bottom now; but the industry's underlying logic has changed, and the industry's volatility paradigm will also change. History does not repeat itself, but it rhymes."
Yesterday, He Yi stated that when Bitcoin fell from $1000 to $200, some people claimed the end of the crypto market. When Bitcoin fell from $20000 to $3000, some people claimed the end of the crypto market. When Bitcoin fell from $60000 to $17000, some still claimed the end of the crypto market. Today, with Bitcoin just dropping from $120,000 to the $100,000 range, once again voices claiming the end of the crypto market have emerged. In every cycle, some are disheartened and exit the market, while others remain calm and composed. History does not repeat itself, but it rhymes. DYOR.
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