#CZAMAonBinanceSquare

Question for CZA:

In today’s market, many traders and builders feel we’re in a transition phase rather than a clear bull or bear cycle. From your perspective, what objective indicators best define where we are in the crypto market cycle right now—on-chain data, liquidity conditions, macro factors, or user behavior?

Additionally, what is the biggest risk you believe the majority of market participants are currently underestimating over the next 6–12 months, especially in a period of compressed volatility?

From a trading and risk standpoint, how should participants adapt their risk management when markets are range-bound but still structurally fragile? Are there common mistakes you see even experienced traders continue to make during these phases?

From the builder side, what traits or decisions most clearly separate teams that survive long sideways or bearish markets from those that fail? How important is real revenue versus user growth in today’s environment?

Finally, looking long term, if you could remove one psychological bias from crypto traders globally, which would it be, and why? How can individuals actively train themselves to avoid that bias in practice?

Thank you for sharing your perspective with the community. Your insights on market structure, risk, and long-term thinking are especially valuable during uncertain periods.