The real bullish return can only be seen in the following two scenarios:

Big Bitcoin breaks through 70,000 yuan, and then sets a new high, completely getting out of the structural market-Big Bitcoin can lead the Shanzhai to perform wildly and return to the logic we are familiar with before. In addition, blindly chasing long/bottom-picking will result in being buried. Try again and again, make mistakes again and again.

A real bullish return does not miss this increase. Repeated killing and being trapped will seriously affect your mentality. It is better to watch the show first and see how Big Bitcoin will go.

Regarding Shanzhai, there are also some tokens with hype concepts this year. These tokens have large fluctuations, which bring great volatility risks to investors, such as AI concept WLD, FET, RNDR, etc.; modular TIA, INJ, etc.

This type of concept and theme is basically hyped and run, don't linger. By analyzing the performance of the top 50 tokens this year, in addition to being affected by the sharp correction of the overall market, the poor performance of tokens usually has reasons that cannot be ignored, such as large-scale unlocking, inflation, poor ecological performance, and weak utility functions of tokens. The weak performance of tokens caused by these attributes may continue for a long time. Even Ethereum, which ranks second, has seen its price "sluggish" due to poor ecological performance and continued inflation, not to mention other projects.

The most frustrating thing about the crypto market so far is that there has been no large-scale application scenario. Even Defi and NFT, which were expected in the last bull market, have not performed well in this cycle, especially NFT, which has even "returned to zero". Only the "payment and transfer" scenario has performed well, but this scenario is mostly stablecoins.