There are just a few days left in 2025, and the panic index has dropped below 20 again recently, reaching 16 today, indicating extreme panic, with the market dropping below 90,000. In contrast, Tom Lee's Bitmine has added 48,049 E. With MicroStrategy in front and Tom Lee behind, one must ask how many can achieve such clear signals?

This year feels more like a new venture, with new capital and new projects concentrated in the market, a year of layout, and also a year of reform in the market and major exchanges; newcomers are entering, and the process of consolidation is unavoidable.

Although this process is difficult for retail investors, with liquidity drying up and macro ZC appearing frequently, especially for those fully invested experiencing this downturn cycle, being affected by the so-called fluctuating account numbers is even more frustrating.

However, conversely, this is also the year with the most opportunities, with lower B prices, more strategies, and better project concepts; thus, during times of low sentiment, one should maintain confidence, have faith in the future market, and trust in the projects you hold to have a chance to survive to the next phase.

I still look forward to 2026 with hope #比特币流动性 @币安Binance华语