Unit Bias: The price of a cryptocurrency is heavily influenced by short-term liquidity, trading volume, and whale distribution, but in the long term, utility and adoption are key.

BlockBeats News, February 15th. Regarding the so-called "Chase, Former Listing Manager of Binance," mentioning in an interview 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, the impact of issuance and burning, etc. For example, BTC, ETH, BNB have all broken free from the constraints of the first three elements. The cryptocurrency industry has been storytelling for so many years, the narrative is dead, utility is now key."