I'm really numb from falling.
And it's totally unreasonable. I feel numb and hopeless.
The huge positive impact of the decline in core PCE last week drove up gold prices and set a new high for the Nasdaq, but it failed to boost the cryptocurrency market.
On the contrary, both $BTC and copycat ones are falling rapidly.
This kind of market situation that cannot be pulled back by any favorable factors is not only tormenting people, but also undermines the confidence of the entire market.
Is there really no bottom? Is this so-called bull market really over?
What went wrong?
Is the cryptocurrency world short of money? Lack of liquidity injection? This is indeed partly the reason, but the lack of liquidity injection does not necessarily mean outflow.

As we all know, the A-share market is a big cesspool, and people who speculate in the A-share market are jokingly called picking up undigested beans in the cesspool. Although this description is a bit disgusting, it has to be said to be very appropriate.
So when someone said that the cryptocurrency world was also becoming like the A-shares, I felt a little dissatisfied and frightened. When did the cryptocurrency world fall to the level where it could be compared with the A-shares?
I couldn't help but ask chatgpt why China's A-shares have been sluggish.
==========================
Q: China's A-shares have been sluggish. What are the reasons behind this? Please summarize the 10 main reasons you think:

Just now at 19:00, I took a look at the market. Both the self-selected and the overall market were all green, just like the vibrant flowers and trees in midsummer, which made people feel relaxed and happy.
Occasionally, a few tokens are in the red, and the reason is simple: they rose too much yesterday.
I was jogging in the park, listening to the cicadas, and watching the lotus flowers blooming in the artificial lake. I felt a refreshing feeling of surviving a disaster. The big drop in the past few days was too depressing. The whole market was in fud, and it felt like the cryptocurrency world was about to perish.
Especially for counterfeits, people feel that there is no other way except to start from scratch.

The biggest problem in learning blockchain is that the industry's terminology is too "high-end", obscure and out of touch with reality. Without a particularly deep knowledge background, it is difficult to understand what an article is about, and it is also difficult to understand what a protocol or project is trying to do. I suffered a lot when studying blockchain, so I wanted to organize what I could understand into easy-to-understand language that ordinary people can understand:
==================================
What is blockchain?
Blockchain is a distributed (decentralized), immutable database (ledger)

A pond with shrimps, crabs, water plants, small crucian carp, medium crucian carp and large crucian carp is a complete and good ecosystem.
A single angler with a single rod and two hooks, or a multi-rod with seven or eight hooks, will not have a substantial impact on the ecology of the pond. In fact, because they make baits to lure fish, the water level of the entire pond can rise by more than ten centimeters. For fish, these anglers can sometimes be honored as bait-making immortals.
But the nature of new-energy fishing rods or family-killing nets is completely different. When the fire is turned on the left and right, whether it is crabs, eels, or small shrimps hiding in the mud, they are almost all wiped out. The entire ecosystem has become an underwater desert after they have swept through it.

It's another big drop without any negative news.
The only explanation is the launch of $ZK
3.6 billion coins in initial circulation, price of $0.25, less than one billion US dollars
It seems to have drained the liquidity of the market.
Look at the recent $BTC $ETH trading volume
Take a look at the implied volatility of various options on debrit
Check out the gas fee on eth
Look at the sighs in the various groups.
We thought we were entering another bull market.
But the price of the currency and various indicators related to market activity are telling the opposite story.
This is not a bull market at all, it is more like another round of deep bear market
So, when ZK goes online, is it draining the blood of the market?

Today #Toncoin hit a new high.
It is a rare coin that has hit a new high at a time when the price has been falling. I have heard people saying it a long time ago: Ton Chain is backed by Telegram, a traffic center with more than 1 billion users. Once it explodes, it will be unstoppable. Think about Tencent and WeChat, and you will understand this logic.
This narrative is indeed convincing. So today I plan to study the ecology of the ton chain carefully.
But after studying it for a while, I was a little disappointed.
What is disappointing is not its TVL. If you look at the TVL of these protocols on the TON chain, it has seen a sharp increase in the past month. Judging from the TVL growth figures alone, TON is indeed worthy of reaching a new high.

I'm always looking for tokens with real good fundamentals, and $DYDX is always the one I can't get around.
From any perspective, it can be called a "good coin".
The team has never stopped building and improving since the beginning of the dydx protocol, whether it was the transfer from starknet to cosmos to build a separate chain, or their improvement of off-chain centralized transaction matching into a completely decentralized order book, or even the strict voting for listing coins, plus their recently launched completely permissionless listing of coins, all of which reflect their pure ideals and persistence in decentralization.

The recovery is more on the spiritual level, not on the amount of money held.
But it's a good thing after all.
If you look back and find that
It turns out this is not an ordinary rebound.
Rather, it is the beginning of an unprecedented reversal of the mad cow disease.
Prepare for the worst.
Hope for the best.
look,
Today, I suddenly increased by more than ten points!
so,
Never worry in advance.
Life is all about responding to situations as they arise.
#美国5月CPI超预期回落 #山寨 $BTC $ETH $SOL

When I went to bed at around 10 o'clock last night, I saw that the number of varieties turning green in my own selection was increasing. I thought that there would be a high probability that it would stabilize tomorrow, and if I was optimistic, it might even rise a little.
After getting up in the morning, I saw that most of the 📉 were 2 to 4 points. I was disappointed. This kind of pattern that is difficult to rise but relatively easy to fall is likely to not hold back well. Sure enough, around 9 or 10 in the morning, as $BTC quickly fell by more than 2 points, the copycats collapsed and started another wave of 5 to 12 points of killing. Many varieties directly broke through the starting point of this bull market, and "faith collapse" became the most ridiculed word in many cryptocurrency trading groups.

No matter what evil things you did in your previous life, as long as you still own the counterfeit goods, you have paid off your debts in this life-----a joke in several groups.
"This round is too difficult" has become the helpless and sad complaint of most people, especially those small retail investors who hold copycat stocks in the hope of getting a high return.
In the not-too-distant past, such as 2020 and 2021, the cryptocurrency world was full of gold. As long as you didn’t hold extremely rare junk coins like eos, most of them would give you generous returns. Although 5 times, ten times, dozens of times, or even hundreds of times were not everywhere, buying them could give you a good increase, which is a vivid sweet memory.

When I woke up, $BTC $ETH had fallen by two or three points, and the copycats were bleeding. An obvious feature of this round is that funds are concentrated in the leading companies, and the strong will always be strong, while the rest are constantly being drained and smashed, and there is no hope of rising. This is obviously different from the previous round of blooming flowers.
Why is this?
I think there are two reasons:
1. Market funds are still short
2. There are too many junk coins, diverting too much funds
The Fed has not actually cut interest rates, and has maintained a high interest rate. Although there is an expectation of a rate cut, it is just an expectation, and funds are not actually loose. Although BTC ETFs have brought a lot of funds, they are only transferred in Wall Street accounts. These funds are not currently circulated on the chain, nor have they overflowed to other currencies except $BTC

The US non-farm data will be released tonight. Is a big one coming?
Today, I specifically and systematically studied the definition of non-farm data and the logic of its impact on the market 什么是美国的非农就业数据，对市场会有什么样的影响.
Before this, I always had a simple concept: a sharp drop in employment data means that the economy is not good, which will further force the Federal Reserve to cut interest rates, which is good for the cryptocurrency world. On the contrary, if the employment data is very good, it means that inflation is still stubborn and the Federal Reserve will not rush to cut interest rates, which is bad for the cryptocurrency world.

The U.S. non-farm data will be released tonight. Against the backdrop of interest rate cuts in Canada and Europe, this non-farm data is crucial and may very well affect whether the Federal Reserve will cut interest rates. So what is non-farm data, and what impact will its different data have on the market?
=================
The U.S. non-farm payrolls (NFP) data is an important economic indicator released monthly by the Bureau of Labor Statistics (BLS), reflecting the number of new jobs in the non-agricultural sector in the U.S. last month. This data is usually released on the first Friday of each month and is considered one of the key indicators for measuring the health of the U.S. economy.

This round of cryptocurrency speculation is several orders of magnitude more difficult than the previous rounds. The price dropped below the issue price after listing, VC chips were scattered, and you couldn’t even get any profit. Instead, you kept getting beaten.
I have been studying how to choose those coins that at least won’t fall too badly after buying them. Of course, everyone has a dream of a 100x coin, and I also hope that one day I can catch a 100x coin before it takes off.
I have saved a post in my Twitter bookmarks, https://twitter.com/ardizor/status/1758569256424472957. I think what he wrote is at least a very good idea. Based on my own understanding, I will copy it as follows:

The biggest problem with learning blockchain is that the terms used are too ‘high-end’, obscure and out of touch with reality. Without a particularly deep knowledge background, it is difficult to understand what an article is about, and it is also difficult to understand what a protocol or project is trying to do.
Of course, this may also be intentional. It is easier to deceive/take advantage of others when they don’t understand it---if conspiracy theories are used. 😅😅😅
Back to the point, I have recently learned about the blockchain consensus layer, data availability layer, and execution layer, and I will try to summarize them in plain language that ordinary people can understand.