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

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On April 8, Yili Hua, founder of Liquid Capital (formerly LD Capital), posted on social media stating, “The war is confirmed to be over, there are no insider issues, and neither side has a reason to continue fighting. Take profits where the rebound stops and observe. This year’s cryptocurrency market resembles 2019, with a drastic decline in secondary liquidity, almost no confidence in primary investments, and massive layoffs in Web3 companies, leading many industry professionals to switch careers. One must be greedy when others are fearful; this year is definitely the best time for bottom-fishing in the secondary market and for 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 2020 bull market, and we are working hard to excel in both areas.”

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