Yili Hua: Take Profits While Observing, This Year is the Best Time to Bottom-Fish in the Secondary Market

On April 8, Yili Hua, founder of Liquid Capital (formerly LD Capital), posted on social media stating, “The war has been confirmed to be over, with no insider information; neither side has a reason to continue fighting. Take profits and observe where the rebound stops. This year’s cryptocurrency market resembles that of 2019, with a drastic decline in secondary market liquidity and almost no confidence in primary investments. Web3 companies are laying off large numbers of employees, and many industry professionals are changing careers. Be greedy when others are fearful; this year is definitely the best time for bottom-fishing in the secondary market and primary investments, similar to 2019. Institutions that bottom-fished in the secondary market and invested in the primary market in 2019 were the biggest winners in the bull market of 2020, and we are working hard to excel in both areas.”

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