Alliance Co-Founder Reiterates Caution on Cryptocurrency Market

According to Odaily, Alliance co-founder @QwQiao has recently reiterated his warning about the cryptocurrency market, expressing strong agreement with his previous predictions. He had previously cautioned that the next bear market could be more severe than most anticipate, primarily due to the influx of uninformed investors purchasing digital asset trading platforms (DAT) and ETF products. He believes this situation "never ends well" and forecasts that the market might need to undergo a roughly 50% correction before these investors exit their positions. Only then can the market establish a solid foundation and resume its supercycle growth. Although he did not specify a timeline, his reaffirmation indicates his firm stance on this prediction.