The Shanzhai and meme sectors are in a bloodbath today, and my positions have also retreated a lot. Although it looks a bit like a head and shoulders top, this round is different. It will not replicate the previous cycle theory. It is more likely that BTC will alternate between callbacks and rebounds. It is difficult to feel the continuous decline like the previous bear market.

The same is true for meme. As a sector that can bring crypto out of the circle, there will be waves of hot spots to play. After this wave of callbacks, it is necessary to ambush a wave of hot spots.

In the future, the awesome alpha will most likely not come out of CEX. Binance has now become a place for shipment. Without the get-rich-quick effect, the share will be gradually divided and eroded.

In the future, the awesome alpha will come out of the chain. These asset categories are not necessarily pure memes, but may also be application-based. Even if they do not follow the meme model, they will adopt the meme issuance method. For example, $virtual (ai agent luanchpad), $buzz (DeFi agents), and $hype (L1+perp dex), which have a market value of more than 1B recently, are not only pure meme/IP narratives, but also have certain application scenarios, but they all adopt a more native issuance method, from the chain to CEX. #加密市场回调 #DeFAI热点 #市场调整策略 #微策略持续增持BTC