Crypto market secondary fund Metrics Ventures September market observation guide:

1. The overall market was sluggish in September, with many indicators at the lowest level for the year. Bitcoin and Ethereum chip data showed massive losses, chips were sold, and contract positions dropped significantly.

2. MVC buying operation. We made a modest buying move in mid-September, buying ~20% of our Ethereum position. The transaction price was around $1,600. This mainly refers to the following positive signals: after three months of fluctuations in chips, potential selling pressure has been released to a certain extent; market sentiment shows panic, etc.

3. The main contradiction in the market is still the lack of funds, and this contradiction cannot be solved now.

4. The monthly report "Waiting for the fish to die in the wet market" is a metaphor for our current investment strategy. Before determining the trend, we will remain patient and wait for the real allocation point to appear.