He Yi: Calculating by percentage clearly shows that we are not at the bottom now, but the underlying logic of the industry is changing

Binance co-founder He Yi responded to community users' question "Are you sure this is not a bear market?": "Of course I'm not sure, but it doesn't affect my long-term confidence in the industry. If calculated by historical percentages, it's obviously not the bottom now; but the underlying logic of the industry has changed, and the paradigm of industry volatility will also change. History doesn't repeat itself, but it rhymes."

Yesterday, He Yi stated that when Bitcoin dropped from $1,000 to $200, some said the crypto circle was over. When Bitcoin fell from $20,000 to $3,000, some said the crypto circle was over. When Bitcoin dropped from $60,000 to $17,000, there were still people saying the crypto circle was over. Today, Bitcoin just fell from the $120,000 to the $100,000 range, and once again, voices are emerging that the crypto circle is about to end. In every cycle, some people lose heart and exit the market, while others remain calm and composed. History doesn't repeat itself, but it rhymes. DYOR.