Jack Yi says BTC drop cycle has ended, new upcycle has begun

LD Capital founder Jack Yi said on X that BTC’s strong rebound above $68,000 signals the end of the cryptocurrency market’s downcycle. Yi added that he had previously stressed July and August were the last chance to buy at lower levels, and said investors should not try to pinpoint the exact bottom or take short positions in the bottoming range. Yi said the focus should now shift to strategies for maximizing gains in a new upcycle.