Liquid Capital founder Yi Lihua says spot without leverage remains the best choice as rate-cut path splits market views

Liquid Capital founder Yi Lihua said market views have diverged over the past two days as expectations around interest-rate moves re-emerged. Speaking at an exchange event at a business school in Shenzhen, Yi said the appearance of a bearish macro signal leaves two scenarios for the market. In one case, if rate hikes do happen, he expects a short-term move below 76,000 followed by more downside-range trading before prices resume climbing. In the other, if hikes do not materialize, he said the market could continue moving higher. Yi added that, regardless of which scenario plays out, spot exposure without leverage is the better approach. He also outlined what he sees as three opportunities over the next three years: roughly 4x upside in mainstream BTC and ETH spot positions, with up to 10x possible through active swing trading; 100x potential in trading infrastructure, which he described as blockchain’s core demand; and what he called IPOs as defined by CZ, referring to stocks and IPO listings moving on-chain, which he said could bring higher-quality breakout assets while the era of white-paper tokens comes to an end.