I got up this morning and saw that ASTER has hit a new low again.
I heard that CZ has also laid it all out this time and directly admitted to being trapped.
What's even worse is for the project party; seeing that the overall environment is bad, they just throw in the towel, saving even the funds for market protection.
Look at the other altcoins next door that are rebounding, only $ASTER is still crashing down in a straight line.
What does this indicate? It indicates that the previous valuation of this thing was really just the emperor's new clothes.
A market value of tens of billions of dollars, just because CZ bought a few million or tens of millions of dollars? This logic is fundamentally flawed.
Brothers, you need to understand one principle.
CZ's buying is called news-driven; it can only sustain a few days of hype.
But once the trend goes bad, even gods cannot save it.
It is now a bear market; what is the logic of a bear market? It is to kill valuations.
No matter who is on stage, no matter how high you have traded before, you will be hit back to your original form.
The current decline is not a crash; it is a return to its inherent value.
My current operation is very simple.
If you have spot assets, hold them and hedge with short positions.
Not for any other reason, just to offset the losses on the spot.
As for friends who want to enter the market.
Don't rush to bottom fish in the spot market.
The current price is still expensive.
Regular investment can be done, but expectations need to be extended.
In a bear market, the opportunities that emerge from declines are the real opportunities.
Only when it has fallen to the point where no one complains, to the point where everyone thinks it has no value, will that price be the bottom.$PTB
