Looking back at over a decade of Bitcoin’s ups and downs, I’ve witnessed countless entries and exits from the “danger zone.” This 25% plunge is just the start of another cycle. Factors such as ETF outflows, long-term wallet sales, and the Gamma effect in the options market have all combined to drive this drop. The break below the $85,000 level was particularly crucial, as market makers’ hedging further intensified the sell-off.
But history tells us that every “crisis” marks the beginning of a new opportunity. The 2018 bear market bottomed at $15,000, and in March 2020, prices crashed to $3,800

#流动性与市场状况 Looking back at the many market fluctuations I've experienced throughout my investment career, Michael Saylor's words truly resonate with me. The market is always cyclical, and every major downturn feels like a test of investors' patience and conviction. I still remember the bleak situation during the 2018 bear market—many people lost confidence and exited, but those who persevered were ultimately rewarded in the bull market.
Saylor mentioned that he would only consider selling Bitcoin if it dropped below $10,000, and such unwavering conviction is admirable. However, as an experienc

#加密市场动态 Looking back at the market fluctuations over the years, whenever Bitcoin’s Relative Strength Index (RSI) enters the extremely oversold zone, it always draws special attention. Seeing analysts mention that the RSI has reached this level again now reminds me of those dramatic moments in the past. I remember at the end of 2018 and the beginning of 2020, the market also fell into a similar slump. Many people were on the sidelines at the time, but some sharp investors sensed the opportunity.
It seems like history is repeating itself now. After the last two times the RSI hit extremely overs

#比特币价格分析 Looking back at Bitcoin’s price movements, I can’t help but reflect on the cyclical nature of the market. Recently, after BTC lost a key level and declined for several consecutive days, it brought to mind the tough times of past bear markets. However, if we look closely at the data, on November 21, spot trading volumes surged on multiple exchanges, showing a “large turnover and increased volume stabilizing the decline” structure—this is a typical short-term bottom signal.
As someone who has experienced several bull and bear cycles, I know that market sentiment often reverses at extre

#美联储降息预期与政策变化 Looking back at history, changes in Federal Reserve policy have always affected market sentiment. The current debate over whether there will be a rate cut in December reminds me of the days following the 2008 financial crisis. At that time, the market was also anxiously awaiting every economic report, and analysts were competing to predict the Fed’s next move. Now, the Beige Book has once again become a key indicator. Although short-term rate traders are busy because of this, in the long run, the policy guidance in January may be more important. With the Thanksgiving holiday app

#美国就业市场数据分析 Looking back at the history of US labor market data, such unexpected fluctuations are not uncommon. September nonfarm payrolls increased by 119,000, far exceeding the expected 50,000, which also brings to mind the situation on the eve of the 2008 financial crisis. At that time, employment data also saw similar unexpected growth, which turned out to be the calm before the storm. Now, with the unemployment rate rising to 4.4% and the impact of artificial intelligence on jobs, I can't help but feel deeply concerned. However, history tells us that economic cycles always have their ups

#美股市场波动 Looking back at my investment journey over the years, I have witnessed the rise and fall of countless tech stocks. The recent volatility in Nvidia’s stock price reminded me of Intel 20 years ago. Back then, Intel dominated the PC chip sector, and its stock price soared. But who could have predicted that the advent of the mobile internet era would cause it to miss a golden opportunity, leaving its stock price depressed for the long term? Today, Nvidia is in the spotlight in the AI chip sector, but the market’s unpredictability is something we should be wary of. From the broad market ra

#美联储货币政策 Looking back at past market cycles, the Federal Reserve's monetary policy has always had far-reaching impacts. Currently, officials' remarks have once again sparked market speculation about a rate cut in December. This inevitably reminds me of the period following the 2008 financial crisis. At that time, successive rate cuts and quantitative easing policies did save the market but also planted the seeds for future inflation risks.
The current situation is somewhat similar, yet also different. Inflation is indeed receding, but there is still some distance from the 2% target. The marke

Looking back at the cryptocurrency market over the past few years, the dramatic ups and downs are truly thought-provoking. Recent data shows that some institutional investors are experiencing significant unrealized losses. For example, Strategy’s unrealized profit on Bitcoin is down to just 12.72%, and Forward Industries’ SOL position is facing a 44.85% unrealized loss. This inevitably reminds me of the crash in 2018, when many people confidently bought the dip, only to face a prolonged bear market.
History always repeats itself, but each repetition brings a new twist. Some of those who went a

#加密货币ETF市场动态 Looking back, I can’t help but marvel at the cyclical nature of the market. The current XRP ETF market is booming, which reminds me of the excitement when the Bitcoin ETF was first launched. At that time, everyone was gearing up and full of anticipation. Now, it seems that history always repeats itself in remarkable ways.
Grayscale, Franklin Templeton, and 21Shares are all working intensively to launch their XRP ETFs, and the market has already started the countdown. Especially noteworthy is Bitwise’s XRP ETF, which performed impressively on its first day, with a trading volume o

#美联储降息预期 Looking back at the Federal Reserve’s historical decisions, I can’t help but recall the period following the 2008 financial crisis. At that time, rate cuts were the main tool to address economic downturns. But now, the situation seems to be different. Collins is cautious about a rate cut in December, which reminds me of the slow rate hike cycle in 2015-2016.
Currently, inflationary pressures persist and the job market remains strong, which is quite different from the economic environment before previous rate cuts. From past experience, the Fed typically waits for clear signs of econo

#美联储政策动向 Looking back, the Fed's policies have always influenced market nerves. On the eve of the release of the Beige Book, market sentiment is once again tense. Historically, the Beige Book often hints at policy directions. I still remember during the 2008 financial crisis, the Beige Book indicated a significant rate cut. Now, with economic data mixed, how will Powell weigh it? The liquidity has plummeted before Thanksgiving, adding more variables. However, there are opportunities in crises; after that crisis, Bitcoin emerged, ushering in the era of Crypto Assets. The current market is

#比特币价格分析 Looking back at the history of Bitcoin, I have witnessed too much fluctuation. The recent fall is indeed significant based on the data. A 25% monthly decline reminds me of the Bear Market in 2018. However, the market structure now is vastly different.
The emergence of ETFs has brought new variables. The inflow and outflow of institutional funds have a more direct impact on prices than ever before. Another noteworthy aspect is the role of the options market. After the critical price level of $85,000 was broken, the hedging actions of options traders exacerbated the fall. This reminds

#加密货币市场分析 Reviewing the history of the crypto market, such sudden falls are not uncommon. At the end of 2017, Bitcoin dropped from a high of nearly $20,000 to around $3,000, and in 2021, it also experienced a rollercoaster from $65,000 to $15,000. Although it has now fallen from nearly $90,000 to $86,000, the decline is relatively small, but market sentiment has clearly turned cautious.
The fall of the US stock market, the outflow of ETF funds, and changes in interest rate hike expectations are all putting pressure on the crypto market. The sell-off during the US stock market opening hours is

#美联储货币政策 Looking back on the past, I can't help but feel a surge of emotions. The changes in the Fed's monetary policy resemble a dramatic play full of ups and downs. From quantitative easing after the 2008 financial crisis, to the gradual rate hikes starting in 2015, then the resumption of rate cuts in 2019, and again significant easing after the outbreak of the pandemic in 2020, and a radical rate hike in 2022 due to inflation. Now, there are signs of rate cuts again.
In recent days, several Fed officials have released dovish signals. Collins expects further interest rate cuts, Will

#机构投资者加密资产配置 Looking back at these years in the crypto market, it has truly been a rollercoaster ride. Seeing this news about Strategy possibly facing capital withdrawals reminds me of when institutional investors first began to venture into crypto assets. At that time, everyone was filled with curiosity and anticipation for this emerging market, and Strategy, as a publicly listed company indirectly holding Bitcoin, became the bridge for many traditional investors to enter the crypto market.
Today, as MSCI considers removing companies primarily holding encryption assets from its stock indices

#加密市场下跌 Looking back at history, this upcoming market storm reminds me of the 2008 financial crisis. At that time, the US Non-farm Payrolls (NFP) report also triggered severe fluctuations in the market. Now, Vice President Vance's prophecy makes me vigilant. The crypto market is already in a falling trend, and if the non-farm data is poor, it is likely to exacerbate this trend.
But crises often breed opportunities. After the 2008 crisis, Bitcoin emerged. Now, we may be standing at the threshold of a new round of innovation. For those who have experienced multiple cycles, it is crucial to

#美股市场表现 Looking back on the past, the ups and downs of the US stock market always leave me with mixed feelings. Seeing the three major stock indexes rise today, I can't help but think of the tech bubble back then. At that time, everyone was chasing the price, but in the end, the bubble burst, and many people suffered heavy losses.
Seeing tech giants like Nvidia and Google performing brilliantly now, it must be said that they indeed have the strength to support it. But the 10% drop in Strategy has also sounded the alarm for us - the market is always two-way, and what rises quickly may also

#代币空投活动 Looking back, the topic of Token Airdrop truly evokes a lot of emotions. Since 2017, I have witnessed countless projects rise and fall. The recently launched Decentralization L2 Ignition Chain by Aztec reminds me of the rise of Ethereum back in the day. At that time, Token Airdrop was still a novelty, and everyone was exploring.
It seems that successful airdrops often bring huge traffic and loyal users to projects. However, there are also many failed cases, some due to unfair distribution and others due to unreasonable token design. Aztec has this time granted whitelist eligibility to

#加密货币市场调整 Reviewing the crypto assets market over the years, periodic adjustments have long been commonplace. Currently, Bitcoin has fallen below a key level, once again verifying the fragility of the market. Having experienced multiple cycles of bulls and bears, I know well that moments like this require calm observation.
According to the analysis from glassnode, the STH cost basis has been breached, and buyers are under pressure recently, with the $95K-$97K range becoming a new key resistance. This reminds me of the crash at the end of 2018, when a similar technical breakout triggered a cha