TechFlow news, November 21 — Alliance co-founder @QwQiao recently reiterated his warning stance on the cryptocurrency market, saying he "pretty much" agrees with his previous forecast. He had warned that the next bear market would be more severe than most people expect, primarily because a large amount of "dumb money"—investors who know little about cryptocurrencies—are buying Digital Asset Tokens (DAT) and ETF products.
He believes this situation "never ends well," predicting the market may need to experience around a 50% drawdown before these investors exit their positions, only then can the market establish a solid foundation and resume its supercycle growth. Although he did not specify a timeline, this reiteration shows he remains firm in his prediction.
