Yi Lihua says altcoins are broadly retracing and considers large pullbacks in a bull market normal
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AT A GLANCE
Yi Lihua said that altcoins have undergone a broad pullback, while Bitcoin has not fallen below the key support level, and considers this a normal phenomenon in a bull market.
Article
Yi Lihua: Altcoins broadly retrace; normal pullbacks in a bull market need not cause excessive concern
BlockBeats reports,October 7，Liquid Capital founder Yi Lihua wrote that he had recently warned several times that the market might experience a pullback. Bitcoin has not yet fallen below the key support level, but altcoins have undergone a broad pullback. He noted that he had previously judged, 1 months ago, that Bitcoin might face a pullback after rising to around 86000 USD Yi Lihua said that during a bull-market trend, the market is likewise in a consolidation phase most of the time, with only brief periods of rapid gains and normal pullbacks; there is no bull market that rises continuously. He believes that even if this pullback is relatively large, it is still a normal phenomenon within a bull-market trend, and advised investors not to try to trade constantly or capture every opportunity.
Original link https://m.theblockbeats.info/flash/370520
Key points
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BlockBeats reports that October 7，Liquid Capital founder Yi Lihua wrote about the market pullback.
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Yi Lihua said that he had recently warned several times that the market might experience a pullback.
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Yi Lihua said that Bitcoin has not yet fallen below the key support level, but altcoins have undergone a broad pullback.
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Yi Lihua said that 1 months ago, he judged that Bitcoin might face a pullback after rising to around 86000 USD.
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Yi Lihua believes that even if this pullback is relatively large, it is still a normal phenomenon within a bull-market trend, and advised investors not to try to trade constantly or capture every opportunity.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content mainly presents Yi Lihua's personal judgment on market trends: altcoins are broadly retracing, while Bitcoin remains above the key support level he mentioned. He believes that a bull market does not rise continuously, and that consolidation, rapid gains, and pullbacks also occur during it.
Why it matters to readers
This view reminds investors that a price decline does not necessarily mean that the original trend has ended; however, whether the market remains in a bull market and whether the support level is effective both require subsequent market action to validate.
Beginners should distinguish between a market opinion expressed by a named individual and a fact already confirmed by data. The text does not provide the specific value of the key support level or overall market data for altcoins, so trading decisions should not be made solely on the basis of this statement.
Risks and unknowns
“Altcoins are broadly retracing” is not accompanied by specific coins, price ranges, or market data.
The “key support level” is not specified.
“Bull-market trend” and “normal pullback” are Yi Lihua's judgments; whether they hold cannot be confirmed from the original text.
The specific magnitude of this pullback is not stated in the text.
The report only states October 7, without specifying the year in the evidentiary text.
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Related concepts
Altcoins
Refers to cryptocurrencies other than Bitcoin, which may be built on dedicated blockchains or use existing networks.
