According to DeepChao TechFlow, on December 10, Daniel Cheung, co-founder of Synracy Capital, said on X that investor mentality has changed significantly during this cryptocurrency market cycle.
Unlike the previous HODL and buy-on-dip strategies, most current participants tend to trade in the short term, constantly seeking profit opportunities. Although there are few long-term profit-makers, this will lead to a long-term upward trend.
Daniel Cheung believes that market timing is difficult, and many people are trying to predict the top of cryptocurrencies, which makes me believe that the up cycle will last longer than expected. He expects volatility this month, and the pullback may be a "buy-and-drop" scenario that will last longer than expected.