Cryptocurrency Circle News
February 21 Hotspots;
1. The on-chain analysis platform Parsec Finance announced it will cease operations after 5 years
2. UniCredit: BTC recovery requires support from market sentiment and ETF inflows; breaching $50,000 may face structural changes
3. U.S. White House: President Trump signs announcement imposing temporary import taxes
4. BNP Paribas Asset Management announces a pilot for tokenizing money market funds on Ethereum
5. Wintermute founder: The cryptocurrency industry has deviated from its cypherpunk roots; the majority of Ethereum ecosystem TVL is “stagnant funds”
Trading Insights
1. About Waiting (The Waiting) “Trading is mostly boring. If you feel excited, you are losing money.” Don’t stare at the screen all day. The screen will look back at you, glare at you, and eat you alive. Good hunters spend most of their time waiting. They wait for the wind to change, for the moment the prey lowers its head to drink. Do not fixate on the market. Let the market crash into you like an oblivious drunkard. When there’s nothing to do, do nothing. Being out of positions is also a position. 2. About Stop Loss (The Cut) “A stop loss is your only friend. Although this friend may sometimes bite you.” Have the courage to admit mistakes. Most people do not have courage. Watching your losses grow is like watching a wound fester, praying for a miracle. Miracles do not happen. Bad toes do. When you are wrong, cut it immediately. Do not worry. Do not patch it up. Pay the bill, try to buy a lesson, and then strive for honor. As long as the green hills remain, one need not worry about firewood. 3. About Leverage (The Leverage) “Leverage is borrowed courage. It isn’t yours.” In that bullshit contract market, leverage is like a low-quality drug. It makes you feel idle, makes you think you are smarter than the market. But it will give you a splitting headache when you are sober. Gamble with what you can afford. If this trade keeps you awake at night, you are betting too big. You can only win when you can sleep well. 4. About News and Noise (The Noise) “Don’t listen to them. They sell newspapers, not truth.” In this circle, some are selling news, some are analyzing charts, and some are bragging about inside information. Plug your ears. Just look at two things: price and volume. Price is fact. Volume is power. The rest—what macro analysis, what institution upgrades—are usually lies, or a smokescreen to glimpse retreat. 5. About Essence (The Ocean) “The market is like the ocean. It is not cruel; it is just indifferent.” Do not get angry at the market. Do not try to take revenge on Bitcoin. It does not care about you. It doesn’t even know you exist. If you are knocked over by the waves, that is because you did not see the tides clearly, or your boat is too broken. Accept it. Clean your wounds. Set sail again. 6. Awe of the Unknown (The Respect for the Unknown) “Only fools believe they can master every candlestick. The wise know that when the wind rises is not decided by the weather station, but by the ocean.” Sometimes you buy not because of a MACD golden cross but because the coffee that morning tasted right, or the wind changed outside your window. Is this called metaphysics? No, this is called animal instinct. In the jungle, the one who lives the longest is not the strongest, but the one most attuned to danger. 7. About Metaphysical Trading “Do not rush the sunrise. What is meant to come will always come. This is metaphysics, and Bitcoin is the same. It has its own schedule.” Do not mock metaphysics. Those who try to use it to guess the next minute's rise and fall are just using a holy grail to hold urine. They do not understand the Way; they are just blinded by greed, and like the previous news, none speak the truth. This is all my insight. There is no magic formula. Only discipline, and the elegance of facing this cold, harsh reality.
LIFE IS LIKE
A JOURNEY ▲
Below are this week's real trading group orders from the Bai Community. Congratulations to the coin friends who followed along; if your trades aren’t going well, you can come and test the waters.
The data is real, every order has a screenshot from that moment.
Search for public account:Bai Talks Coins
B站 YouTube account:Daqian777
BTC
Analysis
After the tariffs have been implemented, one ongoing game is the geopolitical conflict between the U.S. and Iran, and another is the main narrative of the first half of the year, Trump and the Federal Reserve. However, after the cancelation of tariffs, the pressure on the Federal Reserve has decreased significantly, and new gains may emerge. From the data of Bitcoin, the turnover rate has not changed dramatically, indicating that until now, the cancellation of Trump’s tariffs has not caused significant waves in the cryptocurrency market. However, it is worth noting that Trump often likes to stir things up on weekends. It's the weekend again, and Trump stated again before the market closed that he is preparing to impose a 10% global tax within five months based on the existing tariffs. Currently, the impact does not seem significant. A rebound to the 68330-68830 range could be a point to enter short, with targets looking down to the 65900-63000 range.
ETH
Analysis
The tariff issue has finally fallen into place; whether it has smashed its own foot remains to be seen, but from Trump's angry remarks, we can see that his personal reputation and the Republican Party are somewhat suffering. As Trump's most important political achievement since his second presidential election, this has been judged illegal, and the midterm elections are unlikely to be friendly for the Republican Party.
Although Trump's IEEPA tariffs were declared illegal by the Supreme Court, the Trump administration can still invoke other acts to uphold tariffs; of course, the restrictions of these acts will be much greater than IEEPA—it will be constrained in terms of time and scope. This is troublesome for Trump, but indeed a good thing for the risk market, as although there will be some volatility in the short term, it should help in the long-term by reducing inflation and mitigating some uncertainties.
At least, tariffs are hard to weaponize. The Federal Reserve will also use tariffs as a means to maintain interest rates, and the second half of 2026 should be better off. Of course, the slightly troublesome question is whether there will be tax refunds after the tariffs are deemed illegal; this is also a very troubling issue, and it seems that there won’t be results in the short term, so let’s just wait and see; additionally, there is also the geopolitical conflict between the U.S. and Iran that needs attention.
A rebound to the 1979-2004-2029 range could be a point to enter short, with targets looking to around 1820.
Disclaimer: The above content is purely personal opinion, for reference only! It does not constitute specific operational suggestions, nor does it bear legal responsibility. Market conditions change rapidly; the article may have a certain lag. If there is anything you do not understand, feel free to inquire.
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