BlockBeats reported on Aug. 22 that Yi Lihua, founder of Liquid Capital, formerly LD Capital, said he remains bullish. He described the weekend pullback as a brief pushback from bears during a period of weaker liquidity and said it does not affect the trend. Yi strongly advised against opening new short positions. He also said positions can be reduced once prices reach a certain level, and that pullbacks tend to happen at stage-specific levels.
Yi Lihua says he remains bullish
BlockBeats reported on Aug. 22 that Yi Lihua, founder of Liquid Capital, formerly LD Capital, said he remains bullish.
He said the weekend pullback was only a small counterattack from bears taking advantage of weaker liquidity, and that it does not affect the trend. He also strongly advised against shorting again.
Yi added that positions can be reduced once prices rise to a certain level, and that pullbacks usually happen at stage-specific levels.
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