Yesterday, I did not release a market analysis video as scheduled. The reason is simple, there is nothing left to analyze. I made it very clear in previous tweets and spaces that the Republicans lost both houses, and the cryptocurrency market has cooled down. Don't hope for any coin to multiply like before; VCs have also seen through web3;

But the cryptocurrency market will not disappear; it will just be quiet for a long time (refer to the gold trend from 2010 to 2020). Holding spot will also be very painful. Making some trades on a quarterly or half-year cycle might earn a little, but this is unrealistic for professional traders;

Now is not a deep bear market; it is silence. The extent of contracts is getting smaller and smaller. Trading at the 5-minute level can't even cover the fees; the transaction costs on exchanges are too high;

So, the consequence of this silence is that a bunch of exchanges might not hold on. The industry is going to be reshuffled. When only one or two are left, trading will concentrate in the remaining exchanges. The concentrated scale effect allows exchanges to reduce user trading costs. Last time during a deep bear market, Binance waived all BTC spot trading fees;

However, once the user trading costs are lowered, the commission-earning influencers will also have to stop since they no longer need to compete for clients;

Personally, I will not sell either BTC or DOGE, and of course, I won't buy in the short term either. My buying is unrelated to the market price; no matter how low the price is, I will not buy until the time is right. My buying decision is based on time and timing, not on price;

Right now, I am just allocating 10% of my funds to use a trading bot for quantitative trading of BTC, lowering expectations, earning a little extra money, and maintaining my trading status; otherwise, I get bored!

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