When the market is good, you make a fortune; when it's bad, you lose everything—cryptocurrency markets are now in this extreme polarization.

Seeing your coins not rising while others have already doubled, that sense of urgency is hard to describe; those who can't wait simply go all in cash, yet they fear missing out once the market starts moving again; there’s also a group watching hot projects skyrocket to astronomical prices but struggling to find a good entry point; spectators on the sidelines feel even worse—watching others make money in the crypto world while their savings just earn interest in the bank, and their salaries aren’t growing. That sense of crisis is suffocating.

Value investors are now especially confused. Many projects with hot concepts lack solid fundamentals, and their own logical reasoning gets repeatedly proven wrong; traders relying on emotions are walking on thin ice, unable to tell when sentiment will reverse, gambling daily with constant anxiety; seasoned technical analysts are also at a loss, as candlestick patterns ignore technical indicators, rendering their previous theories useless; those focusing on fundamentals are even more helpless—good projects can’t move up, while junk projects go crazy.

This extreme divide actually reflects deeper societal changes. According to Elon Musk, in the next three to seven years, the global economy will be a tale of two extremes—one side sees certain industries remaining sluggish with rising unemployment, while the other experiences extreme prosperity in core technology sectors, with supply far behind demand.

In the crypto world, it’s the same: the projects that are surging the most are often those that most people don’t understand, while coins with decent fundamentals are relatively quiet. The market is no longer driven by current fundamentals but by imagination and expectations for the future. To keep up with this round of market movement, you need to change your mindset—stop sticking to traditional value investing frameworks, and actively embrace traffic-driven and tech-driven thinking. Grasp the flow of traffic and lock onto the tech tracks, and you’ll be able to seize the advantage in this wave.

Market behavior amplifies human greed to the fullest, and greed further intensifies human weaknesses. Right now, the market is a fierce clash between rationality and madness, with pain and euphoria constantly switching—probably the most authentic portrayal of the current state.