During this round of market from 3000 to 3600 for ETH, I observed the entire process but did not participate—it's not a lack of courage, but a refusal to become a passive chip in this zero-sum game.

In a market lacking new capital influx to form an incremental market, the so-called bull market is merely a bloody game between institutions, large players, and existing retail investors. As participants at the bottom of the market food chain, we are always behind the market-making teams in terms of information acquisition speed, and we cannot compete with the endless arsenal of whale accounts in terms of capital depth. This structural disadvantage determines that any so-called 'opportunity' is essentially a carefully designed liquidity trap.

This is not pessimism, but a survival wisdom. When the market devolves into a pure chip game, protecting principal is far more important than chasing profits. I would rather stay on the sidelines patiently waiting, cautiously picking up the pieces in the value trough after the bubble bursts, than to be the last one to pay the bill during a bull market. The cruel law of capital markets has always been this way—when you cannot see who on the table is the lamb waiting to be slaughtered, the most vulnerable player is often yourself.

😂😂😂#ETH突破3600