Crypto Quill

Liquid Capital founder drops fiery thread on January 29, 2026, calling the four-year cycle “the biggest bear talking point ever” and insisting the current Bitcoin and Ethereum sideways action is just healthy consolidation, not the start of a new bear market.

JackYi, the outspoken founder of crypto investment firm Liquid Capital, lit up X today with a blistering thread that directly challenged the growing bearish sentiment in the market and took aim at two of the industry’s biggest names: Binance founder Changpeng Zhao (CZ) and co-founder He Yi.

In a series of posts that quickly racked up tens of thousands of likes and retweets, JackYi declared the much-feared “post-halving correction” narrative dead and urged investors to zoom out and trust the long-term trend.

JackYi Rejects the Bear Case Completely

“The biggest selling point for bears right now is the four-year cycle,” JackYi wrote. “They keep saying we’re repeating 2018-2019. But look closer: what we’re seeing in 2025-2026 is almost identical to 2019 consolidation before the March 2020 crash, and we all know what happened after that.”

He pointed out that Bitcoin spent most of 2019 trading between $7,000 and $14,000 with multiple failed breakouts and fakeouts before the Covid crash liquidated the market in March 2020. What followed was the most explosive bull run in crypto history.

“This is not a bear market,” JackYi insisted. “This is the boring middle phase where weak hands get shaken out before the real move.”

Direct Challenge to Binance Leadership

The most attention-grabbing moment came when JackYi turned his fire directly on CZ and He Yi, both of whom have expressed cautious or outright bearish views in recent months.

“Since CZ and He Yi seem so confident we’re going much lower,” JackYi wrote, “I’ll make it simple: buy Bitcoin and Ethereum right now at market price. If you’re right and we crash hard, you’ll look like geniuses. If you’re wrong, you’ll still own the best assets in the space for the next leg up.”

He added a challenge: “I’ll match whatever amount you publicly buy. Let’s see who actually believes their own narrative.”

As of publication, neither CZ nor He Yi had responded to the challenge.

Market Data Supports the Consolidation Thesis

Bitcoin has been trading in a relatively tight range between roughly $82,000 and $108,000 since mid-2025, refusing to make new all-time highs but also refusing to break down decisively lower.

Ethereum has shown similar behavior, stuck between $3,800 and $5,200 for months.

Here’s how the current price action compares to historical cycles:

The similarity in duration and price behavior has not gone unnoticed by cycle analysts.

Why This Matters to Every Investor

JackYi’s core message cuts through the noise: the crypto market is doing exactly what it has always done in the middle of bull cycles, shaking out leverage, boring people to death, and building energy for the next parabolic phase.

While bears point to declining exchange volumes, shrinking stablecoin supply, and institutional caution as proof of an impending crash, JackYi argues these are the exact conditions that have preceded every major breakout.

“The people who get wrecked are always the ones who try to time the exact bottom or top,” he wrote. “The people who make life-changing money are the ones who simply hold through the boring parts.”

Whether CZ and He Yi take up JackYi’s challenge remains to be seen, but one thing is clear: the battle lines between crypto bulls and bears have rarely been drawn this sharply.

The next few months will show who was right. For now, JackYi has thrown down the gauntlet and made one thing crystal clear: he’s not just talking his book. He’s ready to put his money where his mouth is.