This year has been a milestone year for the cryptocurrency industry. From the approval of Bitcoin and Ethereum ETFs at the beginning of the year, to the booming bull market, and the impact of the U.S. elections, cryptocurrencies like Bitcoin have reached record valuations and are increasingly influencing social and political landscapes.

For retail investors, it feels like making money is becoming increasingly difficult. It was never considered before that trading a coin would require understanding so much—various macroeconomic factors, policy news, and technical aspects all require at least some understanding. The retail investors feel it’s too hard! As these investors become more aware, they are picking up their tools to resist. Although institutions face challenges while harvesting, the chaotic fluctuations leave many confused. As small players, how can we possibly compete with large capital? We must always maintain a sense of reverence for the market and ensure that we can attack when possible and defend when necessary, leaving room for maneuvering.

Everyone comes to this market to realize arbitrage,

while large money pulling small money is relatively easier (institutions)

small money pulling large money is incredibly difficult (small and medium investors, retail investors)

In the end, those who survive are the patient and capable ones who can navigate through cycles.

What we can do is manage our desires, enhance our understanding, make friends with time, and earn money through cycles.#比特币市场波动观察