I've been thinking about how to position myself during a bear market recently. After reviewing many projects, I realized that the logic for bottom-fishing boils down to just a few key points. Today, I want to organize my recent holdings strategy, which might be somewhat helpful for everyone.

First, let's talk about BTC, which needs no further explanation. According to cycle patterns, in the early stages of the next bull market, BTC will definitely be the fastest to climb, and it’s the only asset with a relatively good holding experience during the bear market. In the last cycle, BTC led the charge, but many retail investors missed out. Now, those holding it are fewer. If you're purely bullish on BTC, MSTR is also worth considering; it’s highly correlated with BTC, having been cut in half from its peak, and when it rebounds, the effect could be doubled. Currently, bottom-fishing for BTC-related assets is indeed a good timing.

The logic for ETH might surprise some. I’ve converted most altcoins into ETH, including some SOL, because I see ETH as the last hope of the crypto ecosystem. The underlying reasoning is optimistic expectations for large-scale stablecoin adoption, infrastructure upgrades for asset tokenization, RWA finance, DeFi integration, and Agent economy narratives. The previous potential of ETH hasn't been fully unleashed yet, and when the next bubble comes, it might shine even brighter than BTC.

I still hold a significant position in SOL. This chain proved its strength during the last MEME hype and AI Agent boom. The Firedancer client coverage, Alpenglow consensus upgrade, and ICM network capital narratives are still ongoing. Instead of saying SOL is just a MEME chain, it’s more accurate to say it has the strength to carry MEME trends. When the next hot spot arrives, SOL will still be the most resilient ecosystem, which is why I continue to be optimistic about it.

HYPE was the only new coin that emerged during the last bull market, which already indicates a problem. I quietly built a position earlier, and later, the HIP-3 protocol upgraded the Hyperliquid narrative to the level of on-chain exchanges and even on-chain CME, which truly changed my view. Tradexyz generated a large off-chain volume through crude oil, gold, and silver futures trading, and the potential of HIP-4 in prediction markets has not been fully realized yet. The only risks are large unlocks and structural washouts; otherwise, it should have already taken off. Bottom-fishing HYPE requires some patience.

TAO’s logic is straightforward. It’s the leader in AI crypto narratives and has proven its strength in decentralized model training. Although the ecosystem later diverged, I completed my position during this major correction. No project that has not been tested over the long term will fail just because of a local internal conflict, and the Agent economy narrative will eventually revive. Bottom-fishing TAO is about getting in early.

Finally, ZEC. Privacy-focused projects always have demand in crypto—both as a necessity for AI productivity upgrades and as a response to regulation. Even if decentralized narratives are disproven, the strong demand for privacy solutions will persist. Currently, the AI bubble hasn't reached its peak, but when it hits the bottleneck or large models move toward the Agent application economy in the second half, privacy technologies (ZK, FHE, quantum encryption, etc.) will become essential in the crypto AI boom. That’s the core logic behind my bottom-fishing ZEC.

In summary, the key to bottom-fishing in a bear market is to find assets with solid fundamentals and clear narrative logic. I hold positions in these six assets, each with its own story. If you're interested, you can check out their market data and project details on Gate.