A sad weekend, January 18, 2025, TRUMP went online, and relatives and friends heard about it, blaming you for not notifying them immediately to get rich together. You said next time you encounter a president issuing a currency, you'll inform them right away.
On February 15, 2025, the President of Argentina issued a currency, and you frantically called your friends to go all in.
On February 15, 2025, you have no friends.
Although it's a joke, it should also reflect the reality for many; most who got burned were left out.
TRUMP, unable to bear the hunger, was just waiting for the opportunity to showcase himself, but unexpectedly got burned upon entry. So the crypto market cannot be replicated; a loss is a loss.
On February 14, Bitcoin ETF saw a net inflow of $70.6 million, while Ethereum ETF had a net inflow of $11.7 million.
Recently, a lot of FUD about SOLANA has been spreading. One reason is that the SOL from the auction is about to start unlocking, with March 1 being the largest release. The second reason is the various ugly truths revealed by Libra's profit-taking, which has again muddied the transparency and authenticity of PVP data. I have two thoughts on this matter.
Firstly, regarding TRUMP's sell-off, the most direct view is that it's similar to SHIB before the 519 event. The crypto market has reached an unprecedented stage of FOMO, or has peaked. No matter how you look at it from here, it's all downhill. Any new coins or tokens that appear won't be able to replicate TRUMP's glory. Therefore, the demand for SOL might also reach a peak when that day arrives.
Secondly, regarding the current FUD surrounding SOL, I wonder if anyone else feels it. It feels very similar to the FUD surrounding Yidao last year, probably around March-April. At that time, due to the emergence of modular blockchain, Yidao's DA layer was rumored to be replaceable, leading to a sharp decline in exchange rates. Even the expectations for the ETF launch were buried under the FUD. After a period of decline, it was suddenly revealed that the ETF was about to launch, which caused a 20% spike, that was the last opportunity to escape. The current SOL seems to resemble Ethereum back then in many aspects. DYOR.
Market Interpretation
Bitcoin continues to fluctuate downwards. The US stock market is closed today, making it more likely for further declines. The death cross on the weekly chart is still widening; it was already indicated last week. Let's see how it moves after being sideways for so long.
Mainly driven by the second market.
Due to the large amount of FUD surrounding SOL, it's best not to forcefully push forward in the short term. Flexibly manage your positions and entry points. I believe that finding opportunities to pick up coins at lower prices and holding spot is still the optimal solution, especially since the expectations for its ETF are still there. Based on current indicators, chasing shorting is not a good choice.
Regarding altcoins:
I don't want to say anymore. Liquidity is getting worse; the wounds are kept moist, which is not conducive to healing and will only breed bacteria and viruses, leading to bigger illnesses. We need to find a way to dry it out quickly.
Bitcoin Fear and Greed Index: 51 (Neutral)
