October 23, 2025

This market is really hard to deal with. Although the overall trend is within our expectations, when the market actually drops, it still inevitably causes some panic. Yesterday, the main index fell again to a relatively low position, especially altcoins, many of which dropped to their second-lowest points excluding the spikes, including Ethereum dropping to 3710 USD, even though Bitcoin is still above 105,000.

However, I would like to remind everyone of the risks again. Recently, after a continuous rise in gold prices, there was a significant one-day drop. In a sense, I feel this is a signal of funds intentionally seeking to avoid risk. Macroscopically, funds are indeed in a relatively abundant stage, but both the US stock market and the cryptocurrency market have experienced a prolonged period of increase, and the potential risks beneath the surface have not been fully exposed. I still recommend keeping some funds aside for other black swan events.
To be honest, the recent market is quite difficult to play in. With the overall market being relatively weak, the price trends of cryptocurrencies are also very unappealing. Yesterday, I got a bit impatient and tried out a new coin, and its price almost halved directly. Although it was a small investment, this shows the current state of the market.