The market has indeed been a bit crazy lately, with Bitcoin breaking new highs at 120,000 and Ethereum surpassing 3,100. Yesterday I saw a strange phenomenon: the entire market was rising, and the US stock market was also soaring, but Bitcoin was the only one that was falling! Bitcoin fell about 3%, from 120k to 115k. It is said that an ancient whale transferred 40,000 out of 80,000 coins from an address that hadn’t moved since 2014, valued at 5 billion USD. Although the market seems to be holding up now, as today it has started to push towards 120,000 again, this is not a very good signal. You should know that many retail investors and unknown institutions will also sell and take profits at new highs! So what you should do now is not to celebrate wildly, but to stay calm!
Ethereum has indeed become stronger this time, including all Ethereum-related assets. The reason is still what was mentioned earlier, institutions are optimistic about ETH, and ETFs are increasing in volume.
Let me show you another piece of data. Since SharpLink Gaming started accumulating ETH in early June using MicroStrategy's operational model, they have purchased a total of 300,000 ETH. The average purchase price is about $2,701, currently yielding a floating profit of $130.9 million.
As we mentioned before, SharpLink's previous revenue was (Is there a risk in SharpLink accumulating Ethereum? & Future Derivative Thoughts!), earning 4.9 million USD in 2023, 3 million USD in 2024, and in the first half of 2025, they’ve already earned the money they made in the previous 30-50 years just by buying ETH. So what’s the point of focusing on the main business - gaming? Just learn from MicroStrategy! This wave of MicroStrategy has also brought out a group of US stock companies, which should be very interesting in the future!
Now let’s talk about why the crazier the market gets, the calmer you need to be. The reason is that the market has been very hot lately. I also used a small portion of my remaining USDT to trade contracts (which was a reward I got from writing an article for free). I originally intended to play around a bit, and the first few trades indeed made money, but then I got inflated, and I started to follow trades. What I didn’t expect was that someone actually followed my trades. I thought, I can't let this friend lose money, so I have to work hard to make money. As a result, I made a series of aggressive trades, leading to consecutive losses that directly caused a 45% loss in my account. My mindset worsened; I had originally planned to stay calm for a few days before trading again, but I still couldn't control my hands, chasing up and down, resulting in a complete liquidation, which also let down my friend who was following. To all friends reading this article, I will compensate for the lost money!
But this time it also taught me a great lesson, which is that even though I have formulated detailed stop-loss and position strategies, as long as my mindset is unbalanced, I can't control myself. So you must execute your strategies and plans like a soldier.
If you can't even accomplish daily tasks like quitting smoking and drinking, going to bed early and waking up early, exercising on time, and eating properly, then you are not suitable to be a short-term trader! It is also important to recognize yourself; the most important thing for a person is not to eliminate weaknesses but to maximize strengths! Because the flaws of human nature are actually very hard to overcome, along with one's own shortcomings. After decades, if you were to change, you should have done so long ago; if you can’t change, it’s very difficult to change!
Looking back at myself, I indeed can't even accomplish the most basic task of quitting smoking, and sometimes I can't even wake up or sleep on time. My self-control is not that strong, so I am not suitable for short-term trading. And I know my fans should also know that I have always adhered to 'value investing,' holding mainstream Bitcoin and Ethereum for the long term. Because this way I sleep well, and I have always emphasized, let the trends make money for you - you hold onto Bitcoin, the development of blockchain, advancements in the industry, VC investments, MicroStrategy's buying spree, etc., all are good for Bitcoin. Isn't it better to let these things work for you?
So I suggest that if you are an ordinary person, you cannot impose strict discipline on yourself like a soldier, or if you want to live and work happily in your daily life, and do not aspire to become a god-level trader, then you shouldn't touch contracts! There are too many cases, it should be countless, especially with high-leverage contracts, which are almost akin to gambling!
I also use this post to remind myself! Although I have played with a small position a few times before and lost, I didn't feel as strong a sense of guilt as this time, especially since a friend was following my trades and actually incurred real losses.
But I am also very grateful that this small setback has given me a huge warning for the future. Regular reflection and thinking can make us better!
Finally, this bull market has definitely arrived. According to past experience, bull markets don't last long! The crazier the market gets, the calmer you need to be! Just like what I wrote about SUI yesterday, I knew there would definitely be many critics, but the data shows it has already been overestimated. Many people still haven't noticed, but I did my best because you can't wake a greedy sleeper! All you can say is 'Let’s wait and see!'
