With a more stable position, welcome the upcoming uncertain market
October 21, 2025
Market Briefing: The fluctuation hasn't stopped, patience is key
Today, the market has moved slightly downwards again, but overall there hasn't been much change—it’s still oscillating back and forth within the range we set.
Don't be frightened by small fluctuations; this stage is about 'grinding', and it's unlikely that a major direction will emerge all at once. What is truly worth looking forward to is the breakthrough after the oscillation builds up.
But a reminder: judging the direction of a breakout is extremely difficult. The recovery market after a sharp decline often comes with repeated fluctuations and weak downward trends, as everyone has experienced.
Recent hot topic: Predicting the market
In recent days, more and more bloggers have started to focus on 'predicting the market'—this track is being seen as the next potential direction that could trigger industry-level alpha.
I still say: follow the smart money, don't follow emotions.
And in the crypto field, the real smart money is always those early investors from VC (venture capital firms). Their movements often lead the market by six months to a year.
About 'Is the bull still here?'
The question most people are concerned about is: how much longer does this bull market have?
From a macro perspective, we are still in the second half of the interest rate reduction cycle, and there are no obvious signs of reversal in various indicators—
In other words, the bull market is not dead; it has just begun to become rational.
We are currently in the turning point of a four-year cycle, which is why I have repeatedly emphasized before:
Do not blindly increase your position.
Operational advice:
For friends holding spot: keep holding, especially the parts with low cost basis.
Because holding quality assets is essentially hedging against excessive currency issuance. The longer you hold, the more obvious the advantages.
For short-term operations: maintain patience, reduce positions, and safeguard liquidity.
The probability of a bull market has indeed decreased compared to the earlier stages, but the technical position has not yet broken, so there is no need to panic for now.
Summary in one sentence:
Now is not the time for impulse, but a stage of 'endurance'.
The market is building momentum in fluctuation, and the mindset matures in volatility.
As long as the green mountains remain, the bull market will naturally come.
