Hi guys, I’m trader Zhu Yici. Since my account peaked at over 1.2 million in March, it’s now teetering on the 400,000 mark. I can’t help but want to curse: “This is a damn fake market!”

Currently, I am still fully invested in AI coins. After several operations after the new year, the number of chips has reached more than 80,000. From the perspective of the coin standard, I have made a profit. This is the only self-consolation in this round of decline.

Faced with such a tragic copycat market, I gave up the extravagant hope that it would go back up in the short term, and made mental preparations to lie low for more than two to three months. Even with the above psychological preparations, I still felt anxious unconsciously.

With the approval of Bitcoin and Ethereum spot ETFs, large institutions have entered the crypto industry one after another. The previous hype logic or gameplay of the currency circle has changed. It may no longer be applicable to use the experience of two bull markets to guide current transactions. Trading strategies should be formulated more based on actual market trends.

There has been a lot of controversy in the circle over the issue of new products on Binance in the past two days. Everyone seems to have a point from the perspective of their own interests. I personally think that from a more pragmatic perspective, we still need to adapt to the current status quo of the currency circle. The status quo cannot be decided or changed unilaterally by anyone. Binance is first and foremost a profit-making company, and only secondarily a leader in the industry. Those who stand on the moral high ground and curse are pure saintly bitches. An exchange that does not maliciously damage the interests of its customers and provides a good trading experience is already competent. Listing new products on the exchange is a purely legal and compliant business behavior. After all, as retail investors, we have the option not to buy.

Do you really think that exchanges are charities? Wake up, giant babies! Taking advantage of the resentment caused by the widespread losses of traders, Binance was launched as a scapegoat and was criticized by thousands of people. Is there also a profit motive behind it? I hope everyone can think independently and rationally, and not be fooled by public opinion and used as a gun by those with ulterior motives. @Yi He