This round of bear market, the atmosphere is obviously much more relaxed than the previous cycles. People who have experienced 2015 and 2018 should understand what I mean. It is not an exaggeration to describe the previous deep bears as if they were as dead as ashes.

But now, even after Luna's thunderstorm, the Federal Reserve's interest rate hike and balance sheet reduction, and FTX's bankruptcy liquidation, we can still see retail investors eager to buy the bottom, the endless army of hairdressers, and the NFT circle with a strong social atmosphere. .

It can be thought that everyone has experienced or read history, so they are mentally prepared. They have not been overly hit during the downturn, and there is still some money in the market, which is enough to maintain the current peace.

Of course I hope that the bear market will pass smoothly and then usher in the recovery of the Mavericks that many people are calling for. Just in case we think the bear market is over, but in fact it’s not even halfway there.