Wave One: The recent decline may just be a minor fluctuation, as both the Elliott Wave Theory and the Theory of Absolute Cycles are undergoing a reorganization

BlockBeats News, December 3rd, Binance's Co-CEO He Yi shared his views on the recent market pullback and the industry trend for 2026. He stated, "First of all, I want to clarify that this is a personal opinion and does not constitute investment advice. Bitcoin is the most decentralized cryptocurrency asset. In the long run, today's decline may just be a minor fluctuation. I believe that the current market's decline and volatility will not be as drastic as in the past, as Bitcoin has transitioned from a niche asset to a mainstream core asset. Although there may be news of a certain country selling off seized assets in the market, more and more sovereign wealth funds and wealth are allocating to Bitcoin."

"The underlying logic of the crypto market has changed, and the absolute cycle theory and volatility patterns are being redefined. Basic strategies that have been very profitable in the past few cycles may no longer be applicable now. Because the players have changed, the pond has grown larger, and the fish have also grown larger. If you still stick to the old logic of staying in the corner eating small fish and shrimps, it may not work in this cycle."