Recently, the cryptocurrency market is really amusing: liquidity is extremely poor, everywhere there are scams, and the screen is full of gamblers and manipulators. If the profit-making effect is completely lost, newcomers will not come in at all; this round of the bull market has basically been wasted. Even the second-largest $ETH cannot hold its new high, and it hasn't outperformed traditional assets; who will come to take over?

The long cycle should have risen because global liquidity is increasing, but the cryptocurrency market is severely polarized: institutions and large players are entering, while old players are selling off and a major washout is needed. There are too many coins that entered the market when conditions were slightly better, and the unlocking volume every day is large in the later stages.

I think we can only wait until the U.S. stock market hits new highs, commodities are stagnant, the A-shares are on holiday for the Spring Festival, and the U.S. stock market is also on holiday for funds to flow back into the cryptocurrency market; only then will Bitcoin have a real opportunity. The market has no right or wrong; the mistake is your adaptability to this market condition. Prepare for the worst outcome, and let's work together to get through it!