The market has been relatively weak recently. Although there hasn't been a significant decline, the overall trend still feels a bit sluggish. In the short term, I believe the market is likely to continue fluctuating upwards, but for the medium to long term, we have to question that. In fact, we can see the market sentiment through certain events—like yesterday's proposal for the 'restart fee switch' for UNI, which should have been a significant positive, essentially adding a 'cash cow' engine for the project, but the result was that the price couldn't even stabilize at 10U. The market clearly lacks confidence, possibly due to concerns that the proposal won't pass. However, from a project value perspective, I don't think we need to be too pessimistic; compared to other DeFi projects, UNI still has its fundamental advantages.
In the past few days, I've also been recommending another DeFi project to some friends in my private messages, which can be held as a medium to long-term asset. In fact, I have been recommending projects less frequently now, mainly because the secondary market has been really bad lately, with too many projects using 'innovation' as a banner to exploit investors. Just take a look at the trends of projects launched in the past two years; each one is more ruthless than the last, almost lacking humanity.
To be honest, I genuinely hope everyone can make money in this circle rather than being repeatedly exploited. That's why I always remind everyone in advance to avoid certain pitfalls. I've been misled before and know that feeling—you not only lose money but also have your beliefs backfire on you. So I want to emphasize again: no matter who recommends a project, you must do your own research and not concentrate all your risk exposure on one point.
Returning to the market, this kind of weak trend is actually quite concerning. Because once trading becomes quiet, liquidity will decrease, and the less volume the market has, the easier it is for prices to plummet. Fortunately, the sentiment hasn't completely collapsed yet; some coins are experiencing slight increases, and funds will quickly rush in, indicating that the market still has some vitality.
So, my viewpoint remains the same old saying—short-term can be bullish, but don't be too greedy; when prices rise, you have to be willing to sell.
What the bear market fears the most is not the drop, but the unwillingness to sell.
