Yi Lihua: On-chain Finance Expands Imagination, New Bull Run Coming

The convergence of traditional and decentralized finance is the core signal here, suggesting that institutional-grade infrastructure and tokenized assets may be the catalysts that broaden market participation beyond retail speculation. This matters because it shifts the narrative from short-term trading cycles to structural adoption, which could sustain momentum differently than past rallies. The open question is whether regulatory clarity and liquidity depth keep pace with this convergence, as that will determine if the anticipated cycle is built on durable fundamentals or speculative enthusiasm.