BTC rebounded above 60K overnight, and volatility narrowed to 1.43%. I looked at the data. Bitcoin's share of the total market value rose from 55.9% yesterday to 56.3%, while Ethereum's share fell slightly; the fear index remained at 30.

In theory, this should not be the case now, because the market's most "valued" negative news, Mt.Gox's repayment is nearing the end. Data provided by Arkham showed that a Mt.Gox wallet that received more than $2 billion in Bitcoin last Tuesday had begun to move.

Since July, Mt.Gox has successively transferred billions of dollars of Bitcoin to CEXs such as BitBank, Kraken, and Bitstamp. These CEXs are responsible for allocating Bitcoin to creditors.

After the compensation is received, it should be sold, right? Isn't it a selling pressure if it is sold? As a result, no one is paying attention to these things now. It has to be said that retail investors are only concerned with traffic and hot spots when speculating in coins. I call this behavior "boys' dormitory-style investment."

It's probably like this: someone stood at the door of the male dormitory and said "let's go", and then the people in the same dormitory followed without thinking. When other dormitories saw the huge crowd, they followed too. But these people didn't know what they were going to do. Only the leader knew what he was doing, maybe just wanted to buy a bottle of water or a pack of cigarettes.

In investment, the initiator may be a KOL or a project party. Traffic is of great significance to them, but it is not a good thing for the investors who follow the trend. Starting from Soros, the routine of currency management is to absorb funds at low prices, manipulate public opinion, and make profits by selling at high prices (or making profits by closing futures positions).

In the trading market, we are all in the lowest ecological niche. If we still dance with the public opinion storm without our own judgment, we will always chase the rise and get stuck, and sell at a loss.

The market is very flat now, and not every market can make money. Don't think that you can make money if you enter the market. Everyone loses money, and suddenly someone says that he makes a lot of money. What you should think about is not that this person is awesome, but whether he has a problem.

The most impatient people in the market may be those who hold small coins at high levels and are at a loss when the price plummets.