大商观势

Entering the market with full faith, thinking blockchain would disrupt traditional finance, only to end up working for Wall Street.

Binance launching US stocks has become a hot topic in the circle, while BTC plummeted by 5 points, breaking 70k. Veteran traders are left puzzled: if everyone is trading US stocks in the crypto space, who will bother with altcoins or Meme coins? In the past, DeFi, NFTs, and public chains took turns minting wealth, with each round of hype leading to a new one.

Now, traditional finance is fully entering the chain, stablecoins are being minted like crazy, and platforms are raking in profits, while retail investors in the native crypto space are quietly shrinking. The OGs feel abandoned by the times, with a few adapting to embrace US stock arbitrage, while the vast majority are stuck holding deep bags of altcoins.

Inner monologue: It's okay to hold strong to Bitcoin faith, but don’t blindly over-leverage on altcoin air. The current market is sluggish; it's either time to pivot or slowly exit.

Watch the most chaotic charts, catch the strongest waves, manage the lightest positions, and aim for the highest returns — Big traders read the trends.

The Fed is like holding two thermometers to check the temperature: one (core PCE) shows a fever at 3.3%, while the other (trimmed mean) shows normal at 2.3%. The new chair, Waller, is all about trusting the "normal" one, claiming that price hikes are due to tariffs, AI, and geopolitical conflicts, so there's no need to panic.

But here comes the historical trap: back in 2021, he believed in the "fake normal," and inflation skyrocketed, leading to rate hikes that wrecked the crypto market.

Now the crypto scene is in a tight spot: short-term rate cut expectations are heating up, and the market wants to pump; but if it turns out to be another "fake safety," the subsequent aggressive rate hikes will hurt even more. In simple terms: the Fed is gambling, and we’re all on edge.

Observe the most chaotic charts, capture the strongest trends, hold the lightest positions, and aim for the highest returns — that's the pro trader’s view.

Crypto trading mystique
You can never escape the two major curses: buying = hitting the all-time high, selling = hitting the all-time low while trying to average down and ending up more in the red.
This path is one you must tread alone; you bear the storm yourself, and no one will catch your fall.

Watch the wildest charts, seize the strongest swings, leverage the lightest positions, and aim for the highest returns —— A trader's perspective.

Champions League final, extreme tug-of-war!
1-1 draw + penalty shootout 4-3, every second feels like a breathless moment.
There's ecstasy, there's teary-eyed moments, this is football — brutal, romantic, and never giving up!

People have cycles, and so does the market. A-shares hit 4200 points, and the sentiment gets restless, with hands loosening; crypto BTC surges to new highs, the AI narrative is hot, it's the same frenzy, the same urge to cash out.

General AI is the wave of the era, but in that wave, there are no eternal winners, only constantly evolving survivors. The coin shining the brightest today may not be with you for the next bull or bear market.

Buffett took 17 years to tell us: even great companies need to buy at the bottom of the cycle and exit during the frenzy. BYD: cost 8 HKD, held for 17 years, ultimately cashed out, earning 40 times.

The crypto market is even harsher, with shorter cycles and greater volatility. Learn to accept gains and losses, respect the cycles, and have reverence for the chips. Don’t chase the final leg, don’t fear short-term pullbacks, and maintain equanimity; this is the only mindset to navigate through bulls and bears.

Observe the most chaotic charts, capture the strongest waves, manage the lightest positions, and aim for the highest returns — that's the art of market observation.

Who would have thought that Ethereum, once basking in glory, has come to this point.

We've witnessed its shining moments and endured through the long bear market alongside it. People went from chasing V God to now being filled with controversy; behind the market's ups and downs lies the bittersweet stories of countless investors.
The foundation has been cashing out at high levels for years, the founder, exhausted in body and mind, has chosen to step back, and once-fervent believers are now leaving the scene, one loss story after another is shocking. It's like raising a child only to helplessly let go, leaving a bunch of steadfast individuals stuck in place.

The holdings in hand have turned into a hot potato; cutting losses feels hard, adding to positions feels risky, and we can only barely maintain through staking. The market has mixed opinions; some are bullish while others are bearish. Being in the thick of it, besides facing reality calmly, we can only quietly wait for time to reveal the answers.

Watch the most chaotic charts, catch the strongest waves, leverage the lightest positions, and aim for the highest returns — Big traders observe the trends.

Traditional bull and bear markets have lost their relevance in today's crypto scene.
During the same cycle, funds are clustered in strong sectors while weak sectors keep retracing, creating a classic structured divergence pattern. Recently, the market has been in a tight range, with bulls and bears battling it out, leading to multiple stop losses for those sticking to long positions, disrupting trading rhythm.
Meanwhile, the US-Iran situation continues to escalate, making geopolitical risk a key variable affecting short-term price action, increasing market volatility. Right now, it's not wise to blindly force trades; it's better to pause, regroup, and wait for clearer signals in the market.

Watch the wildest charts, capture the strongest waves, maintain light positions, and aim for the highest returns — big players are watching.

Crypto May, is the "curse" coming true?
2025.5: RWA project Plume co-founder passes away
2026.5.26: RWA leader Ondo's founder Nathan (32 years old) suddenly dies, tokens plummet in response
Historical May highlights: 2019 Binance hack, 2021 May 19 crash, 2024 CZ in jail. Current situation in May 2026: BTC crashes, 120,000 people liquidated, RWA sector faces 'repeated blows' - a high-risk career for the wealthy! Don't just focus on making quick profits; the future belongs to those who survive longer.

Analyze the messiest charts, capture the strongest swings, maintain the lightest positions, chase the highest returns — Big traders observe the trends.

The most truthful saying in the crypto space right now: indexes are in a bull market, while most are in a bear market.

BTC is up, ETH follows, it looks all rosy; but when you check positions: 80% of people are holding losses, over half the coins haven't made any profit this year.
Don't fantasize about some 'rotation and recovery', that's last cycle's game. This time: no new money, just siphoning. Cash is being pulled from old coins, altcoins, and weak stories, and fed to BTC/ETH and the assets that institutions favor. (Money is also flowing into more profitable financial products like AI, oil, etc.)
If you're not buying the main assets, it's not that they're not rising, it's that they're directly dropping. If you're sitting on the sidelines, it's not just missing out, it's that your holdings are continuously shrinking.
The data is clear:

More than half the sectors are down this year;
The median returns are negative, with more losers than winners.

To put it bluntly: the bull market is only for a select few, it's a bull market where institutions are harvesting retail investors. Wealth hasn't evaporated, it's just shifted from retail pockets to institutions and a few main asset holders.
Accept the reality: it's a structured market, there's no equal sharing, only the strong get stronger. Either keep up with the main assets or get siphoned out of the market.

Observe the most chaotic charts, catch the strongest waves, hold the lightest positions, aim for the highest returns — that's the trader's mindset.

Humans create the environment, and the environment can consume humans.

The current crypto scene is one that feeds off human emotions:

When prices rise, it breeds greed, pushing you to go all in with leverage;
When prices drop, it creates panic, making you sell at rock bottom;
News, candlesticks, and communities are all nudging you to lose your rhythm.

Many people aren't losing due to the market; they're being led around by the environment.
As retail traders, what we really need to learn is to actively escape the environment that drains you:

Stop hanging out with those who flaunt their trades and scream about getting rich;
Stop paying attention to the “godly predictions” that claim prices will rise or fall in just 10 minutes;
Spend more time in places that allow you to calm down and think independently.

The truth about crypto: cycles will repeat, but emotional exhaustion is irreversible. The patience, capital, and health you waste in the noise are hard to recover in a bull market.
Instead of stressing in a volatile market, why not create your own: a trading environment that is low noise and high rationality.
The market belongs to others, but your mindset is your own. Stay calm, and you can navigate through bull and bear markets.

Observe the most chaotic charts, seize the strongest waves, maintain the lightest positions, and aim for the highest returns — that's the way of the big traders.

The market has been consolidating for a long time, and the longer the consolidation period lasts, the stronger the potential for a rebound or drop. This Saturday, BTC and ETH will experience another deep washout, but there's no need to panic over short-term fluctuations.

The overall bullish structure remains intact, so we still maintain a bullish mindset. It's a good time to position long at lower levels. The negative impact of the recent Wash administration is mostly priced in, and positive factors are gradually brewing. Next week, we can expect some clarity in the geopolitical situation. In terms of trading, manage your position sizes carefully and strictly adhere to stop-loss risk management, while patiently waiting for the market to rally and seize profits.

Watch the most chaotic charts, catch the strongest waves, leverage lightly, and aim for the highest returns — Big traders read the market.

Fed's leadership change is in play, is the market pricing it in early?

Kevin Warsh was sworn in at the White House on May 22, and four details are critical:

1. Trump told him to be 'completely independent': Don't look at the president, don't look at anyone, make your own decisions.
2. Two minutes later, he immediately set the direction: Emphasized 'a strong economy doesn't need to cool down, growth ≠ inflation, we need to achieve unprecedented prosperity, and we have to deal with the debt.'
3. Suggested the Fed will 'listen to him': Others will make their own decisions, but will be taking Warsh's advice throughout, even if they have differing views.
4. Only mentioned Greenspan, not Bernanke: Referenced Greenspan's 1987 White House inauguration, stressing 'energy and mission,' deliberately avoiding mention of Bernanke, whom he worked with for five years.

Crypto dipped slightly, is this considered pricing in early?

Warsh's combination of 'rate cuts + aggressive balance sheet reduction' leans towards tighter liquidity in the short term.
Bitcoin is oscillating around 77k, seen as profit-taking before the expected outcomes.
The market has already priced in 'Warsh's appointment, June FOMC shift,' and the small drop feels more like a preemptive digestion rather than an unexpected negative catalyst.

In summary: Attitude should be independent, direction should be loose, power should be centralized, benchmarked against old-school hawks; crypto is in short-term oscillation, it's a price in (price in).

Then my long position got stopped out, but overall I'm still bullish, waiting for the market to digest further. BTC and ETH are set for long entries.

Watch the most chaotic charts, catch the strongest waves, leverage the lightest positions, and aim for the highest returns — Big Market Insight.

After grinding through the market and life for a while, my biggest transformation this year can be summed up in three words: no entanglements.
In the past, whether it was trading losses, missing out on bullish moves, or dealing with frustrating situations, I couldn't help but get caught up in it all—overthinking, internal conflicts, and repeatedly replaying my trades. I always wanted to prove myself right, seek some compensation, and in the end, I drained my emotions and wasted a ton of attention.
Now I've completely come to terms with it. Whether it's short-term losses in crypto, ineffective market movements, or unexpected life events and predetermined regrets, they all belong to sunk costs.
There's no need to waste energy on what has already happened, and no point in stressing over minor gains or losses. Compared to a few hundred bucks in profit or loss and some trivial setbacks, one's energy and mindset are the most valuable assets.
I've gradually learned to accept all uncertainties, embrace market fluctuations, and also accept unexpected changes in life. No more tension, no more anxiety; I'm stable emotionally and going with the flow.
Trading is like this, and so is life. True strength comes from not getting caught up in bad situations or poor market conditions.
#BTC #交易心态

Observe the messiest charts, catch the strongest swings, hold the lightest positions, and strive for the highest returns — that's the big trader's perspective.

The industry is evolving, but the ecosystem is shrinking.
After the bull market, crypto has been completely assimilated by traditional finance.
1. BTC ETF: We see this as a game changer, while Wall Street just sees another investment product, lounging and collecting management fees. The hierarchical gap is inherently suppressive.
2. Stablecoins: A massive influx of fiat, but the funds can’t stick around. Most are used for cross-border settlements rather than buying coins; the crypto space is all noise, but lacks real liquidity.
3. RWA: U.S. Treasuries and stocks are being tokenized, creating a channel that siphons global liquidity. Capital is fleeing from crypto, pouring into U.S. stocks.
Crypto has already completed its re-anchoring: from gold and the dollar, it is now fully tied to U.S. stocks.
Compliance is in place, Trump is on stage, and bills are taking shape; it seems beneficial, but in reality, it’s like being shackled. The once rebellious geek punk spirit has vanished; now we only watch the Fed, the U.S. stock market, and the whims of capital.
Crypto no longer belongs to retail investors; it has become a vassal sector of American capital.
In the future, only Bitcoin can transcend cycles, while the value of other coins continues to weaken.
BTC will still take off, but the vast majority of ordinary people will never get on this ride.

Watch the most chaotic charts, seize the strongest waves, hold the lightest positions, and strive for the highest returns — Big traders analyze the market.

Face the issues, leave luck behind. In the crypto scene, there's no just "getting by"; it's all about "holding on until the end" or "surviving".
Problems won’t disappear on their own; waiting is the most expensive cost, draining your capital, mindset, and opportunities.
Without variables, there are no uncertainties — the Fed, halving cycles, and ETF inflows are the real steering wheels.
Get out and see the front lines: candlesticks are the results, data is the truth, and sentiment is the amplifier.
The world is vast; don’t get stuck in your little fantasies. Cycles wait for no one; luck will lead to death, only clarity can ensure survival.

Observe the most chaotic charts, capture the strongest swings, maintain the lightest positions, and aim for the highest returns — that's the pro trader's perspective.

Old-school survival wisdom that you only understand when you grow up.
Grandpa's meal rule:
First scoop half a bowl, then fill it up.
While others go for the full plate, he plays it safe; while others eat slowly, he goes for a refill.
The ultimate clarity in life: first eat something, then eat your fill.
Don't get fixated on stuffing yourself in one go; ensure you always have more to eat.
Abandon the obsession with quick riches, reject gambler's mindset.
Progress steadily, profit consistently,
ordinary folks, winning gradually. #BTC

Observe the messiest charts, catch the strongest swings, hold the lightest positions, aim for the highest returns — the big traders read the market.

Bitcoin has dipped below 78000, officially entering a downtrend channel.

Three major bearish signals shaping the longer-term outlook:

1. With the World Cup approaching, a significant outflow of funds is occurring.
2. Major players are flocking to IPOs, continuously siphoning market liquidity.
3. The on-chain integration of US stocks is pulling liquidity from dollar assets across the board.

The market hasn't fully tanked yet; amidst this chaos, it's clear that the Bitcoin sector is set for a shakeup. Only mainstream core assets are worth holding onto, while other altcoins gradually become marginalized.

Observe the messiest charts, capture the strongest swings, use the lightest positions, and aim for the highest returns — this is the savvy trader's perspective.

Trading is toughest when you're battling your own human nature.
Greed is hard to curb, fear is hard to balance, and letting go of obsessions is challenging.
Seeing through the market trends is easy, but defeating your inner demons is tough; all the struggles are a matter of self-redemption.

Observe the most chaotic charts, capture the strongest waves, keep the lightest positions, and aim for the highest returns — that's the pro trader's mindset.

Yesterday's market was in a continuous downtrend. I was planning to short ETH in the 2300 range, waiting for some solid consolidation before making my move. But the market took a nosedive instead, and I missed the ideal entry point.

I went to catch a movie in the evening, so I thought 2260 would be the perfect spot to short, but in the end, I just sat on the sidelines.

After being in the game for a while, I've come to understand this feeling: missing out on trades and being out of the market is far more frustrating than holding a losing position. Up or down, it's all part of the market; gains and losses are just human nature. The path to mastering your mindset is long and requires self-discipline.

In modern Chinese history, there have been three famous great migrations: the Eastward Movement, the Westward Passage, and the South Seas Expedition.
The Eastward Movement and the Westward Passage were land migrations; walking on Chinese soil, no matter how tough or tiring it got, if you couldn't go any further, at least you could turn back for a meal.

But the South Seas Expedition is different; it's a one-way street with almost no way back.

Across rivers and seas for thousands of miles, you're always on my mind.
Through storms over a hundred years, our bond remains strong. — A love letter to Grandma

During Trump's visit to China, the BTC and ETH charts have been consistently weak, showing a downtrend that the market just can't support.

Yesterday, the market barely stabilized, with BTC briefly bouncing back to the 81000 mark and ETH returning to 2300, but the rebound lacked strength and couldn't hold the support, falling back into a cycle of choppy fluctuations.

At this stage, the market is lacking a clear direction, with a fierce tug-of-war between bulls and bears. The range-bound bottoming period will likely drag on for a while.

I suggest everyone stay calm, reduce trading frequency, and manage your positions wisely. Avoid blindly chasing rallies or trying to bottom-tick, as it could lead to getting liquidated back and forth. In this chaotic market phase, it's best to stay still and observe. A little profit is stable, and preserving your capital is the biggest win.

Observe the messiest charts, capture the strongest swings, manage the lightest positions, and aim for the highest returns — that's the trader's mindset.