The "Chaotic" Bull Market: Changing Strategies is the Only Way Out

I believe many people have a question during this round, which is, is this a bull market? Is there still a bull market? Is there still an altcoin season?

First, I will share some of my views, then provide an interpretation, and finally discuss how to operate going forward.

1. Bitcoin is entering a long-term slow bull market, and 99% of altcoins will enter a phase of slow death.

2. There is an altcoin season, but it only occurs in specific areas; it comes quickly and goes quickly, with severe secondary differentiation.

3. With institutions entering the market, the cryptocurrency dividend period is rapidly disappearing; the next round may see even less speculative funding, no longer being the realm of retail investors.

4. Cryptocurrency has become severely correlated with U.S. stocks, similar to pre-market trading in U.S. stocks, where information is sensed in advance.

5. The survival space for retail investors will continue to be compressed until it disappears.

6. As institutions hold large amounts of Bitcoin, when the exchange's Bitcoin inventory is exhausted, a Bitcoin crash is not far away.

7. Binance, this top global exchange, is inevitably going downhill, and the number of cryptocurrency participants has also slowed down significantly.

8. The last round of DeFi craze on Ethereum has been replaced by the meme coin craze on Solana, occurring on the Solana chain; without new narratives and innovations, Ethereum's price is finding it hard to keep pace with Bitcoin.

9. Ever since Trump and his wife launched a coin, the chain has been completely disrupted, with scam coins rampant, siphoning off a large amount of liquidity and further deteriorating the on-chain environment.