I just chatted with an A9 trader, Lao Deng, who said something that left a deep impression on me:
"The true bottom of a bull market is never achieved by rising, but when no one wants to look at it anymore."
This is quite heart-wrenching 😂 scrolling through the current CT, the screen is full of pessimism and bearishness.
Interestingly, the data is quietly telling us another side.
- ETFs are continuously holding and buying;
- JPMorgan said that $BTC is "ridiculously cheap" compared to gold;
- The U.S. government shutdown is about to end, and liquidity will gradually recover;
- U.S. stocks and gold have risen, while crypto is still lying on the floor;
- The BTC fear and greed index has dropped to "extreme fear."
So Lao Deng's meaning is very clear: this is precisely the stage where smart money begins to quietly accumulate.
When everyone is shouting bear, what should really be done is to stay calm, research, and pick targets; there are cheap goods everywhere right now.
In the middle of the night, I was originally about to sleep, but now I'm really fired up 😂
"The true bottom of a bull market is never achieved by rising, but when no one wants to look at it anymore."
This is quite heart-wrenching 😂 scrolling through the current CT, the screen is full of pessimism and bearishness.
Interestingly, the data is quietly telling us another side.
- ETFs are continuously holding and buying;
- JPMorgan said that $BTC is "ridiculously cheap" compared to gold;
- The U.S. government shutdown is about to end, and liquidity will gradually recover;
- U.S. stocks and gold have risen, while crypto is still lying on the floor;
- The BTC fear and greed index has dropped to "extreme fear."
So Lao Deng's meaning is very clear: this is precisely the stage where smart money begins to quietly accumulate.
When everyone is shouting bear, what should really be done is to stay calm, research, and pick targets; there are cheap goods everywhere right now.
In the middle of the night, I was originally about to sleep, but now I'm really fired up 😂
