The Dragon Boat Festival is over, and I lost a lot of money during this festival. The market is like this. The process of the real outbreak of the bull market is relatively bumpy, but as long as everyone does not use leverage, they can survive. Everyone will make money when they survive the big bull market.

I have been saying that this year's market is very fragmented, and the mode of not taking over each other has prevented the entire market from forming a real consensus, and the result is the depletion of liquidity. In the end, everyone has seen that Bitcoin has not fallen much in the past few days, but the cottage has fallen to the starting stage. Behind this trend is actually a lack of consensus. Unlike in 2020, everyone was playing DeFi, and DeFi was the consensus of the market, which attracted a lot of incremental funds to enter. This round attracted a lot of incremental funds, but these incremental funds were attracted to enter the market in the form of ETFs. Large institutions and large capital only recognize Bitcoin, so it is difficult to reach a strong consensus on DeFi like in 2020, but I think this situation will definitely change, and the final strong consensus will definitely come.