According to BlockBeats, Alliance DAO co-founder QwQiao recently shared his views on social media, highlighting a prevailing sense of pessimism among many astute traders and long-term investors. He noted that this sentiment spans various timeframes and has been particularly pronounced since mid-September.
QwQiao, who identifies as a long-term optimist, admitted to feeling uneasy about the crypto market for several reasons. Despite his usual positive outlook, he acknowledged that when multiple unfavorable conditions align, it seems prudent to reduce some positions.