50 days ago, I gave the crypto market a 2.2 rating.
At the time, Bitcoin was around the $60,000 mark.
Back then, my assessment of the market was simple: it was a critical/ill market. Liquidity was shrinking, user growth was weak, and there was insufficient demand for applications. As a result, trading in the market was becoming increasingly dependent on sentiment and narratives. So I believed there wasn’t much choice for the market.
Not re-cycling every altcoin together, and not finding a brand-new hot spot to pull the market up again. The only realistic path was for leading assets to complete their repair first. Repair Bitcoin, Ethereum, and leading assets like UNI, Arbitrum (Arb), Link—assets that truly have infrastructure value and market consensus.
Then, capital, users, applications, and market confidence would gradually filter downward, step by step.
Looking back now, over the past 50 days, the market really did follow this route. Bitcoin has been gradually repairing from its prior low and is now back around $86,000. Ethereum, DeFi, and some major leading assets have also shown clear recovery.
So my new rating for the market is:
4.0 points. What does that mean? It doesn’t mean a full-blown bull market has already begun. Instead, the market has moved from the “critical phase” into the “repair phase.”
When the rating reaches 7.5 points, perhaps the market will be in a full bull run. You can also use these data as a reference to gauge whether there’s still a chance.
The current market still has opportunities. It isn’t as pessimistic as some people imagine. If, one day in the future, Bitcoin’s market dominance falls below 35%, then the crypto upside would be over for good...
Buying some long-term, application-driven assets now is essentially making a long-term investment in yourself.
AI will soon enter its next phase, and the crypto market will also quickly intersect with AI.
$BTC $ETH #btc #eth
At the time, Bitcoin was around the $60,000 mark.
Back then, my assessment of the market was simple: it was a critical/ill market. Liquidity was shrinking, user growth was weak, and there was insufficient demand for applications. As a result, trading in the market was becoming increasingly dependent on sentiment and narratives. So I believed there wasn’t much choice for the market.
Not re-cycling every altcoin together, and not finding a brand-new hot spot to pull the market up again. The only realistic path was for leading assets to complete their repair first. Repair Bitcoin, Ethereum, and leading assets like UNI, Arbitrum (Arb), Link—assets that truly have infrastructure value and market consensus.
Then, capital, users, applications, and market confidence would gradually filter downward, step by step.
Looking back now, over the past 50 days, the market really did follow this route. Bitcoin has been gradually repairing from its prior low and is now back around $86,000. Ethereum, DeFi, and some major leading assets have also shown clear recovery.
So my new rating for the market is:
4.0 points. What does that mean? It doesn’t mean a full-blown bull market has already begun. Instead, the market has moved from the “critical phase” into the “repair phase.”
When the rating reaches 7.5 points, perhaps the market will be in a full bull run. You can also use these data as a reference to gauge whether there’s still a chance.
The current market still has opportunities. It isn’t as pessimistic as some people imagine. If, one day in the future, Bitcoin’s market dominance falls below 35%, then the crypto upside would be over for good...
Buying some long-term, application-driven assets now is essentially making a long-term investment in yourself.
AI will soon enter its next phase, and the crypto market will also quickly intersect with AI.
$BTC $ETH #btc #eth
