Crypto Market Sees Bottoming Phase Amid AI-Driven Narratives

The crypto market has been experiencing a significant downturn, with Bitcoin prices declining steadily. According to Liquid Capital founder Yi Lihua, this decline is smoother than expected due to the outflow of funds from the stock market.

Yi Lihua attributes the current state of the market to the emergence of AI-supported narratives that have eroded the value of crypto assets. He describes narrative-based crypto as having fallen from a 'sweetheart' to a 'cow madam', implying a loss of favor among investors.