With the Federal Reserve announcing that interest rates will remain unchanged, the sentiment in the cryptocurrency trading market has clearly declined, shifting from greed to neutrality. Various cryptocurrencies, including Bitcoin, have also seen declines, particularly altcoins which have dropped severely. The market's attitude has turned to panic, and most altcoin holders are still in a state of loss.
With the strong support of the U.S. presidential administration under Trump for cryptocurrencies, as well as the market economic benefits following traditional funds like BlackRock launching Bitcoin ETFs, Bitcoin has performed exceptionally well in this round. However, the much-anticipated altcoin season for retail investors has yet to arrive. Many are still holding altcoins using the past rounds' HODLer model, resulting in significant gains or losses on their accounts. It is evident that there is a clear divergence between mainstream coins and altcoin trends.
In addition to the large influx of traditional funds into Bitcoin, Binance Coin (BNB) has also performed well, recently reaching a new high of $860. This is naturally related to the influx of new users to Binance and its excellent profit-making ability. Binance is not only the most regulated exchange globally, but its user base is also growing at around one million daily. The enormous trading volume brought by the bull market has kept Binance's transaction fees and ecosystem revenue high. Moreover, with Binance receiving investment from national sovereign funds like Abu Dhabi and various ecosystem data growth, it has become a clear leader in the market.
Shui Ge remains optimistic about the future market.
My judgment on this bull market is that the peak will occur within six months. Even if the anticipated 'altcoin season' does not materialize later, I will clear my positions. As for the positions I hold tightly, I will directly transfer them to a cold wallet to wait for the next bull market to plan again. Retail investors need to be cautious to avoid chasing highs, especially as irrational judgments influenced by greed often become the main reason for retail investors' losses.
Still the old saying: you can choose not to participate in market investments, but you cannot deny that cryptocurrencies and blockchain are being embraced by traditional finance and capital. If you are unwilling to even learn, you will miss the few opportunities that this generation can grasp. Once I have cleared my positions, I will focus on market education, especially in-person courses, to help general investors effectively avoid unnecessary scams and risks.
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