BTC has been falling all the way, and has dropped nearly 1,000 points. And there is no sign of rebounding. According to the information on social media, several large market makers have been investigated by the SEC, so they stopped some market making activities, which directly affected the liquidity of the market. However, there is no real clear official document, which can be regarded as an explanation for the time being. But in any case, the lack of liquidity is definitely a negative behavior for prices in the short term, and in the long run, it is the beginning of the return of value.

The stock market was relatively flat yesterday in all four major markets, and the previously hot concepts have basically died down. The Hang Seng Index is still half dead and can't even reach 20,000. Even various US economic data are unlikely to have a big impact on the market. The next six months should be a time of clarity, and individual stocks will follow their own development direction. The companies that can survive no longer rely on the stock price fluctuations caused by monetary policy, but all depend on internal strength. The spring of value investment is about to begin.

Why are 30,000 and 2,000 points in the crypto market so unbreakable?

But the reason is that I always feel that the entire market lacks a new story. The story of BRC20 is too tacky and too FOMO-like, and is not enough to support its value and recognition.

I remember that sentence: I know they are fooling around, they know I know they are fooling around, and I also know they know we know they are fooling around.

That’s right, this is the capital market, this is finance. There are no lies, only lies that are one step slower.

NFT tells a story about luxury goods, and blockchain games tell a story about value transfer. They are both big enough and have enough real-life industry valuations to refer to. What does BRC20 tell? I can’t think of it because it is too pure, pure CX, pure deception. Just like if a 22-year-old girl and an 80-year-old man are both studying physics, everyone will think the story makes sense. If they are just casual friends of different ages, would you also laugh?

Finance is the highest-end circle of the Spring and Autumn style of writing, because if you write a good story, you can really make money, a lot of money.