Wave One: The recent decline may just be a minor fluctuation, as both the Elliott Wave Theory and the Theory of Absolute Cycles are undergoing a reorganization
BlockBeats News, December 3rd, Binance's Co-CEO He Yi shared his views on the recent market pullback and the industry trend for 2026. He stated, "First of all, I want to clarify that this is a personal opinion and does not constitute investment advice. Bitcoin is the most decentralized cryptocurrency asset. In the long run, today's decline may just be a minor fluctuation. I believe that the current market's decline and volatility will not be as drastic as in the past, as Bitcoin has transitioned from a niche asset to a mainstream core asset. Although there may be news of a certain country selling off seized assets in the market, more and more sovereign wealth funds and wealth are allocating to Bitcoin."
"The underlying logic of the crypto market has changed, and the absolute cycle theory and volatility patterns are being redefined. Basic strategies that have been very profitable in the past few cycles may no longer be applicable now. Because the players have changed, the pond has grown larger, and the fish have also grown larger. If you still stick to the old logic of staying in the corner eating small fish and shrimps, it may not work in this cycle."
You may also like

Dialogue Michael Saylor: The cost of holding strategy has no substantial meaning, Bitcoin's utility is high, so its volatility is large

When everyone is selling software stocks, HSBC says you are wrong

Will 99% of tokens go to zero?

How did the great detective ZachXBT become adept at solving bizarre cases?

The cryptocurrency crash that evaporated 40 billion dollars, some people knew the outcome 10 minutes in advance

Institutions are embracing cryptocurrency, but practitioners are unusually frustrated. Who will ultimately win?

Morning Report | Bitwise acquires Chorus One; Circle announces Q4 2025 and full-year performance; Stripe initiates share buyback at a valuation of $159 billion

Vitalik Chiang Mai Dialogue: The Explosion of Artificial Intelligence, What Should Crypto Fight For?

Stock price rises over 35%! Circle's financial report exceeds expectations: USDC circulation surges by 72%

A transaction of $0.1 can cause Polymarket market makers to lose everything

The AWS of the Financial World: Why It Becomes the Biggest Winner in the Era of AI + Stablecoins

Token goes overseas, selling Chinese electricity to the world

Morning Report | Kalshi publicly punishes insider trading for the first time; STS Digital completes $30 million financing; American Bitcoin announces 2025 financial report

The handover of the payment industry: The hundred billion unicorn Stripe may swallow PayPal, heavily investing in stablecoins and AI

The price of Aave has dropped over 82% from its peak, and an ecosystem contributor has revealed the current operational status in a lengthy article

It's 2026, how should we reasonably assess the market value of L1?

Why did Bitcoin, which was supposed to hit $150,000, get cut in half, and the mastermind behind it is actually Jane Street?
