Yi Lihua says July-August marked the last dip-buying window and calls AI startup growth far faster than traditional sectors

Yi Lihua said in a post on X that he had repeatedly argued July through August would be the final window to buy the dip. He also said the third wave of declines since 1011 was, in his view, the last leg down, though he added that the exact bottom could not be pinned down because black swan events can still affect price action. As an example, he pointed to the FTX incident, which he said pushed Bitcoin into an oversold move. He wrote that cycle timing and volatility patterns do not go wrong, and that once the time arrives, investors can buy the dip without trying to catch the absolute bottom. In the same post, Yi said he recently visited a group of AI technology companies in Shanghai and Hangzhou. Based on that field research, he said the current wave of AI entrepreneurship is expanding at a pace more than 10 times faster than traditional industries, and compared it to the crypto sector about a decade ago.