The fate of retail investors is never lost due to lack of skill, but rather dies in fantasy.

This slice from OM has directly swollen the face of the entire market.

At 2 AM, the market manipulators made no announcements, had no scripts, showed no emotions, and simply and decisively slashed from $6 to $0.37, a drop of over 90%. In less than an hour, the blood flowed like a river.

True harvesting is always silent; true market manipulators act only based on mood.

Some are still seriously discussing 'why it dropped,' some are reviewing various 'technical supports,' and some are studying 'liquidation data.'

Uncle just wants to laugh: The slaughterhouse of the crypto world never needs a script.

Stably pumping for 12 consecutive months is, in itself, the biggest cause of death. The steadier the pump, the harsher the fall. The market has seen instances where it rises for a year without collapsing, but the outcome is always the same—getting cut down to the point that even one's mother wouldn't recognize them.

After OM's harvesting, there remains 900 million USD in market value, which can be called an industrial-grade slaughterhouse in the crypto world. With a year of patience, it has cut off all global fantasies while rubbing retail investors' faces into the ground.

You ask about breaking even? Wake up! There’s a principle in the crypto world:

Breaking even is for the living; the dead have no qualifications.

Comparing with the style of the A-shares, that is what we call split personality.

4,552 stocks rose, with a transaction volume of 1.2 trillion in the two markets, and the three major indices continued to be in the green. Under such circumstances, A-shares can exhibit this trend; there's no denying it.

Especially in today's environment, where the tension between China and the U.S. is increasing, the capital market behaves as if saying, 'Go ahead and fight, I won't drop.'

On Trump's side, he's still talking tough, but just after raising taxes, he starts easing restrictions on certain supply chains. Musk's public complaints about the commerce secretary have turned this tariff farce into a comedy of internal strife.

At this point, things are actually very clear:

True bad news is not about continuing to escalate, but rather when the market doesn't react at all after the escalation.

In contrast, the atmosphere in the crypto world is changing, and the underlying is moving.

BTC and ETH's fluctuations may seem boring, but whales are buying low, even more seriously than retail investors. Especially ETH, where large holders are aggressively increasing their holdings, making the structure of mainstream coins increasingly solid.

Today's OM-style strangulation is precisely the most typical sign of risk release. On the market, if it can still oscillate and stir, it is already a precursor to a good trend.

The life-and-death logic of the crypto world is always:

No one dares to buy, and that's when the manipulators are happiest;
When everyone is afraid of dying, the market is the safest.

So, Uncle will say it again:

The bottom area of BTC has begun to take shape, ETH is gradually continuing Bitcoin's strength, and altcoins are purely speculative, with no faith involved.

The current market is a game for experts, a game of execution, a game for the daredevils.

If you don't prepare to buy the dip now, who will the opportunity be left for? — It will be left for new retail investors.

You think the market is bad, but in fact, the market is filtering people.
You think opportunities are distant, but in fact, opportunities are just at the moment you dare not take action.

Uncle's strategy remains unchanged:

The logic of BTC's main rise remains unshaken, ETH continues to be strong, and altcoins should be traded quickly.
Don't pretend to be stable, don't act rational, don't dream of miracles.
The market is summed up in one sentence:

A drop is giving away money, a rise is robbing money, and staying still is waiting to die.

BTC: Long-term holders of Bitcoin are starting to show some losses on-chain. The reason lies in the fact that after a prolonged downturn, the new chips have raised the average price, leading to an increase in their original cost. To some extent, this can be viewed as one of the signals that the market may have bottomed in the short term. In the future, barring any significant negative news, the market is likely to maintain a small rebound until it ultimately reverses after liquidity improves. With tariff reductions, the market's negative sentiment further dissipates, and apart from wars, there seems to be little left that could shake the value investors in Bitcoin. From a technical perspective, Bitcoin's four-hour bottom is at 82,000 points, with short-term resistance at 88,000 points. The hourly trend is steadily rising, and I personally lean towards a bullish breakthrough this week.

ETH: Ethereum is linked to Bitcoin, with large holders accumulating but also ancient large holders fleeing; the sentiment is predominantly negative.

For altcoins: prioritize purchasing public chains near the bottom; focus on those with relatively small declines after a significant drop. Only when the tide goes out do you see who is swimming naked. For OM, don't fantasize anymore; value investing this round is challenging, but the next bull market will likely be even tougher. Apart from the first gradient of old mainstream coins, pay close attention to SOL, SUI, DOGE, and PEPE. Others should still be filtered out. For the mid-to-long term, focus on areas with narratives; those without narratives, no matter how lively they appear, will be ignored. Discussions can continue in the comments.

The fear and greed index is at 31 for the day.

In the end, stay away from leverage and stock up on spot!