February 10, 2026

In the past few days at home, I had a small realization. The snacks that cost 1 yuan when I was a child have now increased to 8-10 yuan. It's been about 20 years, which means that over the past 20 years, the basic prices have risen by 8-10 times. Although it's not very rigorous and can't accurately quantify the multiple of price increases, the macro sense is likely similar for everyone; the level of price increases is much more exaggerated than wage increases.

For ordinary people, after so many years, there are not many ways to resist inflation. Buying a house is one, especially more than a decade ago when you could get a good house for tens of thousands or over a hundred thousand, which basically outpaced inflation. However, in recent years, that is no longer an option. Buying gold can barely be considered one; the reason I say barely is that the channels for ordinary people to buy gold are mainly through spot jewelry, which incurs high fees or labor costs, and no one would allocate most of their funds to buy gold.

In fact, it is not just us; Americans and other countries are the same. Ordinary people have been harmed by inflation for years. This is actually a form of invisible macroeconomic regulation aimed at achieving the plunder of ordinary people's wealth while avoiding wealth migration from the lower classes as much as possible. For most people, allocating core assets is a must. In my view, BTC and ETH are my personal tools for resisting inflation, which is why I dare to take full positions.

In terms of market trends, a short-term performance should see a second bottom at the daily level, which should be completed in the next few days. If it smoothly breaks out of the second bottom, then this phase's bottom will be confirmed, meaning that in the next 1-3 months, it won't break this support. Of course, it depends on the strength of the second bottom; currently, I tend to believe it won't break. I sold part of my bottom-fishing orders a few days ago, and I've placed new ones near the lows.

Thank you for your attention and for now.