The recent drop is mainly due to the aftermath of Japan's interest rate hike and the launch of DeepSeek's artificial intelligence in China.
Why did the drop occur after Japan's interest rate hike? This was discussed in previous articles, which you can refer to.
DeepSeek is free and open source, and it has overwhelmingly defeated America's OpenAI's ChatGPT. I used it yesterday and was very impressed. I even told my students to try it out; if my personal ability is rated at 1, I would rate its ability at around 0.3-0.5. It's truly amazing!
I believe this is a major move by China. China is no longer the East Asian patient that can be easily bullied. Although there has been a drop and floating losses, I feel happy inside; I have hope that the market will rise again.
Why am I not interested in figures like Sun Ge and Bao Er Ye? Because I am patriotic. The strength and prosperity of our motherland are the foundation of our peaceful and happy lives. Many people in the cryptocurrency circle who make money choose to go abroad. Why don't they dare to return home? If someone does not even recognize their own country, do you think they can have credibility and bring you lasting wealth? They go abroad because the money they earned is not clean, and the risks of staying in the country are too high.
I was once asked to explain my situation. The large amount of money I earned had abnormal bank transactions, and I needed to provide an explanation; otherwise, I would end up on a blacklist. I presented my trading records from cryptocurrency speculation, which were all earned by me without any issues. After legal education, my life continued as usual.
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