On November 8, the overall market rose today, and ETH is still the most outstanding asset, but the bull market escape indicators have not been triggered (see Figure 2).

From the perspective of sentiment, the recent rise of ETH seems to be met with calmness from everyone. I remember in the previous bull market, the group was filled with people scrambling to send red envelopes, afraid that others wouldn’t know they were making money; this time, the red envelopes have noticeably decreased. It could also be that I haven’t been in that atmosphere, haha.

Today, I saw quite a few KOLs starting paid groups, with mixed reviews. Some say the end of KOLs is paid groups, that it’s all about harvesting, but personally, I think paid groups can be beneficial. The vast majority of paid groups are good, and oftentimes, newcomers really need someone to guide them, helping them avoid pitfalls. Teaching is actually quite demanding and exhausting, and I fully support such efforts.

After all, this is also about expanding the Web3 community. The reality is that most people need guidance, as very few actively seek out Alpha. If everyone had a strong thirst for knowledge, then this world probably wouldn’t have any poor people.