ETFs got approved, the president supports cryptocurrencies, hundreds of billions of dollars are pouring in, and then what?

$BTC is still swinging around 64,000, $ETH is still pretending to be dead at 1700.

This is the market situation we have. Back then, who didn’t think that $200k was just the starting price, and $ETH not reaching 10,000 was a misjudgment?

But reality slapped you in the face, all the positive news was fully realized, and the price instead seemed to be held down by the neck.

$BTC Now it's 64,235, $ETH 1,736, both have risen a bit over one percent, just a token move. But in the narrative of 2021, this kind of increase is almost an insult to the imagination of that time.

What were you thinking back then?

How else could you think? It’s like feeling “I think I’ve been market PUA’d.” Good news piled up like mountains, but the price moved as if nothing was happening.

ETF continuous inflows, institutional buying, these headlines flood every day, but the candlestick charts just won’t let you take off, making you doubt if you read the script wrong.

Missing out hurts, but it’s even worse than missing out — you’re in the market, but the trend presses you down, stuck in a no-man’s land, uncomfortable.

What I see as the key points / what to watch next:

I now think the market is changing its playstyle. Before, when news exploded, people rushed in; now, it’s about smashing first and then pulling back, or just not pulling at all.

The key isn’t the good news itself, but whether liquidity has truly come in. Those “hundreds of billions of dollars from institutions” sound impressive, but compared to the overall market cap, it might just be like boiling a frog in warm water.

Next time I see such news, I’ll check the open interest and trading volume first. If the money isn’t really coming in, I won’t follow the hype.

You didn’t die when $10,000 dropped, and now it’s up one point, and everyone’s shouting about a bull run? Don’t rush, first see if your positions can withstand the next spike.

Analysis of the latter part:

Speaking of this, ordinary people can also try a different approach, like the recent World Cup prediction markets. Guess right, and you can win $BTC, no need to watch the charts or hold positions, betting on a game might even be more profitable than watching candlesticks.

Once this “small bet for big gain” opportunity spreads in the community, it will temporarily pull some hot money out of the futures market, which can actually relieve liquidity pressure on $BTC and $ETH, making the trend more stable.
$BTC $ETH #我的Gate交易时刻