$LUNC dropped from $119 to nearly zero, a drop of over ten thousand times, yet there are still believers fantasizing about a hundredfold rebound; the essence is a cognitive mismatch akin to trying to retrieve a sword from a boat.
The early myths of wealth in the cryptocurrency space stemmed from three conditions: extremely low circulation, where small projects could control the market without institutional pricing, and retail speculation dominated in a narrative vacuum, where crafting a story was enough to harvest belief. Now the market has completely evolved; the number of worthless coins has increased exponentially, and even trillions in capital find it hard to create a hundredfold wave; if BlackRock truly sees potential, they would have already swept up through derivatives or spot purchases, rather than letting retail investors take the fall; phrases like 'whale tax' and 'technological revolution' have become clichés in 2024, and projects without real ecological support will ultimately return to zero. Ignoring the facts of liquidity exhaustion and project teams cashing out, heavily betting on a hundredfold rebound is no different from swimming naked during a tide retreat; when the tide goes out, even your underwear will be swept away.
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment to navigate through the bull market, stand firm in the market, and capture the big opportunities in this round.
