Taking advantage of last night's rebound, Sister Bei sold off all her positions, suffering a loss of 1 million in this wave. The cryptocurrency market is truly heartless. Here's a dark joke: Ethereum has only been up for 3 months this year with a total of 578 days, while the bull market has been down for 9 months within a year. This is despite the support from Wall Street ETF funds. Long-term holders must be feeling crushed! This is the second time since 2018, and let's not even talk about other altcoins. Based on the current price, if you started holding Ethereum in April 2021, after four and a half years, you wouldn't earn a single penny from your long-term position. Would institutions continue to invest long-term? Holding Ethereum and altcoins in this terrible market this year is truly frustrating. The leaders of altcoins and the entire altcoin community have fallen; there's no liquidity, and next year will be even harder!

Due to attending the Dubai conference at the beginning of the month, last week's review post was paused for a week, thank you for your patience! Now let's get straight to the point! Bitcoin at 80600 has bottomed out and has rebounded for three weeks now, which can be said to be mediocre. Apart from Ethereum being relatively strong, other coins including Bitcoin have shown average rebound strength. Bitcoin has formed five or six resistance levels but still cannot break through the 94000 pressure, falling short of Sister Bei's expected value.
This week, before and after the interest rate cut, Sister Bei took advantage of the relatively high position to reduce her holdings by 35%, completely clearing out the altcoins, liquidating pengu, ray, sui, ada, and bnb, and closing all risk exposures. She also reduced her holdings of pepe by 50% and sol by 30%, mostly at a loss. Her actual account now only has 770000 left, still in a halved state, it hurts!