I didn't expect the reversal to come so quickly, it's a bit overwhelming. I've been saying that the reversal is getting closer, and everyone should buy the dip and hold cash for a rise.

I thought that in April, with the tariff war, trade war, and military conflict all unstable, no matter how things turned out, it would at least start to warm up in early May.

But the market can change in ways you least expect. Moreover, Trump is fanning the flames, making a huge profit through TRUMP. His presence is definitely not a good sign. What seems like a booming market may actually have hidden crises, which are hard to predict.

However, one thing is certain: the market's pattern has indeed reversed, and we still focus on buying the dip. There's no need to get too worked up about trading coins; making money is the most important thing.

Currently, this wave has come too suddenly, and many retail investors didn't have time to react, getting heavily stuck in short positions and unable to move. But one thing is clear: violent rises without substantial positive news, I think are not sustainable, and the side effects may be significant, with a potential for deeper corrections. In any case, for those doing spot trading, don't enter the market unless there's a major drop.

1. Binance announced that before April 28, 2025, it will convert various delisted cryptocurrencies, including TORN, OMG, MDX, into USDC. Hurry up and eradicate the unscrupulous pests in the crypto world. Retail investors are scared of getting cut.

2. Bitcoin's price surged significantly on April 24, breaking $93,500. According to reports, the son of the U.S. Secretary of Commerce collaborated with SoftBank and Tether to launch a $3 billion cryptocurrency investment plan, intending to purchase a large amount of Bitcoin. I believe this should have been done long ago; it's only being announced now, and they are already starting to cash out.

3. The meme coin TRUMP skyrocketed 50% in one day. Its issuer launched a marketing campaign where the first 220 "top influencers" will have the chance to dine with Trump. Can we trust this guy? He might just pump and dump.

4. The Ethereum mainnet is scheduled to implement the Pectra upgrade on May 7, aimed at improving network performance and security. ETH, if you don't rise this time, we might vote to delist you.

5. Tether Treasury has minted an additional 1 billion USDC. It seems there are still many retail investors chasing the rise.

6. This Friday, $7.2 billion in BTC positions will expire, with the current put/call ratio at 0.73, the maximum pain point at $85,000, and the current price at $92,735, indicating a significant victory for call option buyers.