The autumn wind has passed, and winter is approaching; the vast mountains and rivers await the arrival of spring!
Recently, the most talked-about topic is 'Bull market or bear market?' Will the coins in hand ever break even? Actually, since this halving, we have entered a monkey market, with prices bouncing around. The bulls wash out the bears; I believe those trading contracts feel this most acutely. Most people have been emptied of their pockets during this market, going from full confidence to deep frustration, and ultimately regrettably leaving!
'When others are greedy, I am fearful; when others are fearful, I am greedy.' In my view, this is a true sign that a great opportunity is about to come. Will we see a repeat of the 312 and 519 scenarios? We shall see. Newcomers who are unaware of cryptocurrency history can look it up; retail investors may not remember, but the internet does.
Here I want to mention something unusual. In the contract market, hundreds of billions of funds have been suppressed from 60,000 all the way to over 69,500. The options market also has hundreds of billions of funds pressuring the 70,000 to 80,000 positions.
Including ETH, many people criticize it, saying it’s weak and soft, like a little girl. I won't say much about ETH here; it has its own path, it’s the infrastructure of the crypto world, and it has its value. In November, ETH should make a significant move; I am already prepared.
Many people might ask me, 'Since everyone is optimistic, does that mean a big surge is coming?' Remember, this refers to everyone being optimistic, but 'everyone' does not represent all. Regardless of who they represent, they certainly do not represent the hunters secretly watching the retail investors.
There’s another saying! Smart wallets. Some individuals think that by tracking the traces of smart wallets, they have found the path to wealth. Pfft, over 90% of so-called smart wallets are just those pushed by project parties, like Bome and Pepe, etc. That’s not called a smart wallet; it’s merely the project party's white glove... The last time it dropped to over 40,000, the so-called smart wallets were largely liquidated, and a lot of borrowing was cleared. Many big players had to sell off to pay their debts!
Brothers might wonder if the big players are in cahoots with capital. I need to correct this: in the eyes of capital, big players are just slightly fatter pigs for slaughter. Furthermore, capital institutions are not united either. Although the biggest players in the crypto circle are ostensibly on Wall Street, they aren’t united. If Wall Street were united, we wouldn’t see so many celebrities fall and new stars rise. There wouldn’t be so many bank bankruptcies, of course, the insider stories of these bankruptcies are their own dirty dealings, but the losses for ordinary people are real losses!
There’s a lot I want to say, but I won't elaborate too much in the article. Also, don't be too pessimistic after reading the above content. It’s not that we don’t have opportunities to make money; we do, and they are substantial. Regardless of how the market moves, we have opportunities, provided we head in the right direction. Some newcomers in the circle shout every day about wanting to defeat the big players and plant their flags in Wall Street, but that’s unrealistic! What we need to do is to stay level-headed, not get too fervent, and be rational and clear-minded, because only clear-minded individuals have opportunities. We need to discover clues, notice oddities, and find unreasonable aspects.
For example, many people are bearish, but we can see through the rates and by tracking on-chain data that the real capital is still bullish. Since we've discovered this, shouldn't we follow? Wrong. According to human nature and past market experiences, killing the big to save the small will happen again. So timing is crucial, just like short dramas existed over a decade ago, but now they are realizing their maximum value.
