【Thoughts on the Current Market Performance】

My philosophy is to trade with the trend, and this trend has two levels: one is the market's development and evolution, and the other is the trend of individual coins themselves.

Therefore, I spend most of my time thinking about the current market performance and potential evolution trends, and then studying the trends of individual coins.

Next, let me briefly discuss my understanding of the current market.

It's simple, just four words: many people, much money.

In the first phase, elites in various sectors first captured the trend of the market developing towards memes. This group, in the secondary market, in harvesting profits, in the Bitcoin ecosystem, etc., are all elites, with the best sensitivity, so this group was the first to advocate playing with memes and testing the waters. At that time, there were many people and much money. After I sensed this change, I posted about how to play with "many people, much money". Coincidentally, it was just after the National Day holiday, around early October, the turning point. As I recall, it should be $pochita $miharu and others.

In the second phase, $Pnut went on Binance. Before $Pnut went on Binance, I could feel that most of the first batch of elites had begun to lose confidence; they really couldn't profit. At that time, I repeatedly reminded in my tweets not to engage in PVP, as it is a casino, and if you play PVP, 90% of the time you'll lose. Then, at that time, Bitcoin was dropping, SOL fell to the 15s, and the mood gradually weakened. The turning point for the second phase of "many people, much money" was when $Pnut went on Binance. After it was listed, suddenly, the PVP that used to peak at 5 million to 10 million could now surge to 20 million to 50 million; this is the change of this phase, with the turning point at $Pnut.

In the third phase, after $Pnut went on Binance, this cycle is destined to become more prosperous on-chain. When will another further "many people, much money" occur? I understand this is very likely to happen in the first half of next year. This time, "many people, much money" will likely have two factors: one is that there is more liquidity, and the other is that outside funds and newcomers are entering the market. I look forward to the event that will trigger this "many people, much money" turning point; it will be a super big opportunity.