This market is really driving people crazy. Don't look at the current market with old perspectives; it's clearly just a mindless harvest! Aside from that small peak of Ethereum in August this year, the rest of the time has either been a slow decline or sharp drops. The spot market is somewhat better; at least avoiding junk altcoins can save lives. The contracts are worse; both long and short positions being liquidated has become a daily occurrence. The data doesn't look optimistic either; funds from ETFs like those from BlackRock are continuously flowing out. Even I, an old retail investor, am starting to doubt: is this really a bear market or have the market makers gone insane? But strangely, the policy front is clearly favorable, with US-China tariff relaxations and the Federal Reserve moving towards easing. It looks like a bull market signal, but the market is not following the script and is even harsher than A-shares. At least A-shares have some fluctuations, while the US stock market is gaining over 90%. The crypto circle is relentlessly cutting every 24 hours; if this continues, the casino will have to close—who will the market makers cut next? Look at the data; the outflow of funds is shocking, with USDT barely holding up, but what does that really indicate? I have long stopped taking indicators seriously; the flow of funds is the hard truth. Now the greed and fear index has dropped to 10. Don't easily adjust your mindset in this market; continue to observe! Being in cash is always king! $BTC $ETH $XRP #巨鲸动向 #美国政府停摆