On the subway after work, there are a bunch of people chatting about US stocks and rate cuts. The moment I take off my headphones, I can tell—risk sentiment is starting to bleed over again.

When $BTC drops to around 60,000 at this time, it really feels like the whole market is pretending it’s fine.🥲

Spot is still hovering around $60,250, but contract volume is 9.4 times that of spot.

This kind of resonance makes me feel exhausted. It’s not that the coin is weak by itself—everyone is using leverage and forcing it through.

I just got back to Tiantongyuan. DouDou is squatting by the keyboard, even calmer than I am.

At this point, I’m inclined to observe first. Don’t let the back-and-forth shake you into losing your composure. If you lose money, don’t cue me. If you profit, treat me to a cup of coffee. $BTC #Bitcoin