June 1, 2025

Happy Children's Day! I hope everyone has a hidden childlike heart within. I have always said that the cryptocurrency world is relatively simple as an industry. Firstly, we are not dealing directly with people, but with fluctuating prices and rising and falling candlesticks. When we make a profit, we celebrate secretly; when we incur losses, we bear it ourselves, directly avoiding the deceit and trickery of people. Of course, that’s not to say there are no bad people in the cryptocurrency world. Unscrupulous project teams and ruthless traders do exist.

This actually raises a question: because the trading environment we are in does not allow direct contact with bad actors, most people tend to be relatively innocent, even a bit naïve, believing the words of market manipulators and holding onto losing positions, ultimately ending up with a string of coins nearly worth zero. In the past, there weren’t many bad people in the cryptocurrency space, making it quite easy to find tenfold or hundredfold coins. However, in the current environment, being a simple person may not necessarily yield big results.

Regarding the market, it has experienced a pullback these past few days and is currently in a sideways consolidation. The fact that there hasn’t been further decline is good news. Coincidentally, this wave of decline coincides with a minor holiday and the US stock market is closed over the weekend. If we see a rebound after the holiday, the next step will be to continue pushing towards 110,000. The price of Bitcoin will remain relatively stable because the strategic reserve funds will continue to flow in. As long as Bitcoin does not break through its support levels, this four-year cycle will not end.

As for the overall market, altcoins are indeed looking very bleak. Binance's alpha strategy will only cause the valuations of altcoins to keep falling, perhaps to very low levels, but in the future, we may hope to see more tenfold or hundredfold coins. However, this process will be very painful. For a major bull market in the cryptocurrency world, there must be a new leader emerging; it’s not just Bitcoin. In the last cycle, it was Solana; in the next cycle, whether it will be BNB or ETH remains to be seen. But whoever it is, there must be one, and I am waiting for that day to come.

Thank you for your attention and likes.