BlockBeats News, December 12 — Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted on social media that he remains bullish on Ethereum. His reasons are as follows: First, strengthening Wall Street consensus: SEC Chairman’s latest statement that “financial migration to the chain,” with US political and economic elites jointly promoting the tokenization of US bonds, with Ethereum as the core platform. Second, Fusaka’s upgrade reshapes value: Blob fees have skyrocketed, burning over 1500 ETH in a single day, accounting for 98%. The thriving L2 is strongly rewarding the mainnet, and deflation is imminent. Third, technical cleansing is extreme: speculative leverage has dropped to a 4% historic low, with only 10% remaining on CEX. ETH/BTC is moving sideways to resist declines, with bears exhausted and short squeeze imminent. In a rate cut cycle, funds are rotating from BTC to the practically valuable ETH.
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