币姥爷
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April 7, 2025
Alas, it ultimately couldn't hold up, the cryptocurrency market has collapsed again, Bitcoin has dropped below $80,000, and Ethereum is leading the mainstream down with a single-day plunge of 20%, falling below $1,500 and less than 10,000 RMB. This drop has only been seen during the 312 and 519 events, and it is truly a painful loss. Sometimes it is like this; having too strong a belief can lead to a higher buying cost. Although money was made on the way up, this is also a manifestation of path dependence. Currently, Bitcoin's performance remains the strongest, especially compared to the prices of altcoins. Therefore, if there is still significant capital looking to buy the dip, Bitcoin remains the safest choice.
In fact, every bear market tends to make one mistake, which is buying too eagerly, causing them to exhaust their ammunition too early. Conversely, during a bull market, one tends to sell before the market is completely crazy. The price fluctuations in the cryptocurrency market always exceed expectations, but I think at this stage we should dream more about the bull market, envisioning the scene of holding low-priced chips and selling at the peak of the bull market. This is also the original intention for most people to enter the cryptocurrency market.
The biggest challenge right now lies in the liquidity crisis in the U.S. stock market, as Trump's tariff stick has caused the U.S. stock market to plummet close to a circuit breaker. Based on the futures market, tonight won't be any better. The lack of liquidity may trigger further declines in the U.S. stock market, and even gold has seen a pullback, which is the scariest part. People have already started to worry about a repeat of '312'. Now, stock markets around the world are reacting: the Nikkei index has dropped by 9%, Taiwan's stock market has hit a circuit breaker, Hong Kong stocks are down about 10%, and the A-share market is down by 6%... The panic of circuit breakers is spreading, and the short-term market outlook is not optimistic. As for the cryptocurrency market and Ethereum, it is difficult to predict how low this wave will go; Ethereum can drop by 20% in one day, which is terrifying during a liquidity crisis.
Many people may wonder, will there still be a bull market this year? My personal view is that there will be one. Aside from the inherent four-year cycle in the cryptocurrency market, this year is truly a bull market year. Another perspective is that Trump's tariff policy is not an end but a means. Once his goals are achieved, the policy will change, as such high tariffs cannot exist in the long term, and the stagnation of the U.S. stock market will not be accepted by the public. The second quarter may be one of the darkest months, but it could also be the darkest hour. Prepare for the worst and wait for the dawn.
Thank you for your support.
Alas, it ultimately couldn't hold up, the cryptocurrency market has collapsed again, Bitcoin has dropped below $80,000, and Ethereum is leading the mainstream down with a single-day plunge of 20%, falling below $1,500 and less than 10,000 RMB. This drop has only been seen during the 312 and 519 events, and it is truly a painful loss. Sometimes it is like this; having too strong a belief can lead to a higher buying cost. Although money was made on the way up, this is also a manifestation of path dependence. Currently, Bitcoin's performance remains the strongest, especially compared to the prices of altcoins. Therefore, if there is still significant capital looking to buy the dip, Bitcoin remains the safest choice.
In fact, every bear market tends to make one mistake, which is buying too eagerly, causing them to exhaust their ammunition too early. Conversely, during a bull market, one tends to sell before the market is completely crazy. The price fluctuations in the cryptocurrency market always exceed expectations, but I think at this stage we should dream more about the bull market, envisioning the scene of holding low-priced chips and selling at the peak of the bull market. This is also the original intention for most people to enter the cryptocurrency market.
The biggest challenge right now lies in the liquidity crisis in the U.S. stock market, as Trump's tariff stick has caused the U.S. stock market to plummet close to a circuit breaker. Based on the futures market, tonight won't be any better. The lack of liquidity may trigger further declines in the U.S. stock market, and even gold has seen a pullback, which is the scariest part. People have already started to worry about a repeat of '312'. Now, stock markets around the world are reacting: the Nikkei index has dropped by 9%, Taiwan's stock market has hit a circuit breaker, Hong Kong stocks are down about 10%, and the A-share market is down by 6%... The panic of circuit breakers is spreading, and the short-term market outlook is not optimistic. As for the cryptocurrency market and Ethereum, it is difficult to predict how low this wave will go; Ethereum can drop by 20% in one day, which is terrifying during a liquidity crisis.
Many people may wonder, will there still be a bull market this year? My personal view is that there will be one. Aside from the inherent four-year cycle in the cryptocurrency market, this year is truly a bull market year. Another perspective is that Trump's tariff policy is not an end but a means. Once his goals are achieved, the policy will change, as such high tariffs cannot exist in the long term, and the stagnation of the U.S. stock market will not be accepted by the public. The second quarter may be one of the darkest months, but it could also be the darkest hour. Prepare for the worst and wait for the dawn.
Thank you for your support.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.