1. Domestic media's negative reporting on the cryptocurrency sector has a long history, and the market has already formed an immune mechanism.
In the past few years, the cryptocurrency sector has experienced several policy impacts, including the '94 incident' and the '512 crash', achieving a high degree of 'de-Sinization'.
Even during the last bull market, relevant regulatory policies were intensively introduced, yet Bitcoin still experienced 'revenge buying'.
Therefore, even with this round of public opinion pressure reaching CCTV, experienced market participants remain calm, with some viewing it as a good opportunity to increase their holdings at low prices.
2. The rectification of self-media is a cyclical regulation; punishing a few to warn the many is not an industry-wide suppression.
Recently, some self-media accounts related to cryptocurrency have been banned, attracting market attention. In fact, such rectifications are also common in the A-share and financial sectors, often targeting exaggerated content, marketing fraud, or information distortion, which falls within the reasonable scope of regulation.
Such actions of 'removing falsehoods and preserving truths' actually have a positive significance for the long-term development of the industry.
3. The so-called 'shutdown of exchanges' mostly involves marginal platforms; mainstream trading channels have not been affected.
The platforms listed in the recent circulated list are mostly non-mainstream or small exchanges with no actual influence.
Although the domestic legal stance does not support digital asset trading, the real execution has tended toward 'gray processing', rather than a one-size-fits-all approach.
Interestingly, last week, Ethereum even made it to the trending list on Douyin, indicating that public interest still exists, and the public opinion environment has not fundamentally deteriorated.
4. Historical experience indicates that emerging fields often gradually move towards regulation under ambiguous policies.
Take Didi as an example; it was initially classified as illegal operation in several provinces but ultimately gained regulatory recognition through its technological value and moved towards legalization.
Emerging sectors like Web3, AI, and blockchain will also experience a similar path—first 'watching and walking', then gradually establishing regulatory boundaries.
Stay rational, focus on your holdings, and do not be swayed by emotions.
Market emotions often amplify noise, while real investors should focus on long-term logic and project fundamentals.
Responding rationally to public opinion fluctuations may actually present opportunities for cognitive arbitrage.