Yesterday I didn't release a market analysis video as scheduled. The reason is simple: there wasn't much to analyze. I've clearly stated this in previous tweets and on my space: the Republicans have lost both houses of Congress, and the crypto market is essentially dead. Don't expect any coin to multiply in value like before; even venture capitalists have seen through Web3. But the crypto market won't disappear; it will just be dormant for a long time (refer to the gold price movement from 2010 to 2020). Holding spot will be painful. You might make some money by trading on a quarterly or semi-annual basis, but that's unrealistic for professional traders. It's not a deep bear market now; it's a period of dormancy. Contract price fluctuations are getting smaller and smaller; trading 5-minute price movements doesn't even cover transaction fees. Exchange transaction costs are too high. So, the result of this dormancy is that a large number of exchanges... It seems unlikely the industry can hold out much longer. A shakeout is coming, and when only one or two exchanges remain, trading will concentrate on the remaining ones. This economies of scale will allow these exchanges to lower transaction costs for users. During the last major bear market, Binance waived all BTC spot transaction fees. However, once transaction costs are lowered, KOLs who rely on rebates will be out of business, and the competition for clients will cease. Personally, I won't sell either BTC or DOGE, and I certainly won't buy any in the short term. My buying decisions are unrelated to price increases; no matter how low the price drops, I won't buy until the time is right. My buying decisions are based on timing and opportunity, not price increases. Right now, I'm using 10% of my funds for bot-based quantitative trading of BTC to lower my expectations, earn a little extra money, and maintain a trading activity. Otherwise, it's just too much work!