Unit Bias: The price of a cryptocurrency is heavily influenced by short-term liquidity, on-chain activity, and market structure, while long-term value relies on utility and fundamentals

BlockBeats News, February 15th. Regarding the statement made by the so-called “Chase, Former Listing Manager of Binance,” in an interview mentioning that “short-term price is influenced by liquidity, attention, and tokenomics,” He Yi stated, “Indeed, short-term price is greatly influenced by liquidity, traffic, and token structure. However, whether the hype can transcend the cycle depends on whether there is revenue, empowerment, impact of issuance and burn, etc. For example, BTC, ETH, and BNB have all broken free from the constraints of the first three elements. The crypto industry has been storytelling for so many years, the narrative is dead, utility is now key.”