Tonight, let's not talk about K-lines. Let's chat about the "two extremes" in US stocks and the crypto circle.

It's late at night, and I guess many of you watching the screens are still rubbing your eyes. Recently, the US stock and crypto circles have been crazier than a roller coaster. Today, let's skip those professional financial terms and use plain language to figure out what the market has been up to these days.

First, talk about US stocks. The biggest feeling in recent days is "division." Look, the big shots on Wall Street are still shouting "the bull market isn't over," saying the S&P 500 could still rise over 20% in the second half of the year, telling this grand AI story. But when you actually look at the market, funds have started a "seesaw" game. A few days ago, tech stocks and chip stocks were flying high, but as soon as there's any slight disturbance, everyone runs faster than anyone else. Funds are pulling out of those high-valuation tech stocks and diving into energy and cyclical stocks. In short, people feel they've made enough, want to lock in profits, and find a safe place to hide.

Moreover, there's still a "knife" hanging over US stocks: geopolitical tensions. As soon as something happens in the Middle East, oil prices surge, and everyone immediately worries about inflation picking up again. With high inflation, the Fed's dream of cutting rates gets pushed back. Now the market is guessing whether the Fed will hold steady in July or be ruthless and raise rates again? This lingering anxiety makes many funds dare not stick with tech stocks.

Now look at the crypto side, which is even more of "two extremes." Bitcoin has been hovering around $60k recently, down nearly half from its previous high. Look at the "Fear and Greed Index," which has dropped to the 20s, showing that retail investors are too scared to move. In the US, Bitcoin ETF net outflows hit a record in June, with everyone running out frantically.

But! Here's the key — while retail investors are cutting losses, what are the big players (whales) doing? They are frantically "picking up bloody chips"! On-chain data shows that large wallets quietly accumulated over 270k bitcoins last month. They don't care about any fear index; they only look at whether the price is cheap enough. To them, Bitcoin right now is like a luxury item on sale — the more others fear, the more they buy.

What's even more interesting is that even US politics is joining the fun. Trump recently publicly stated that he has become a "firm supporter" of cryptocurrency and said the US must take the lead in this field. As soon as that was said, the previously falling coin price was immediately pulled back. You see, when power and influence intervene deeply, market sentiment changes faster than flipping a book.

So, to sum up the current situation: On the US stock side, funds are jumping back and forth between tech and traditional sectors, everyone waiting for a clear signal from the Fed. On the crypto side, retail investors are handing over their chips in panic, while smart money, leveraging geopolitical positives and political endorsements, is quietly completing its bottom-positioning layout.

For ordinary people like us, the most taboo thing right now is being driven by emotions. Rushing in when others shout bull market, cutting losses when others shout crash. Instead of staring at K-line charts and feeling anxious every day, think about this: In this era full of uncertainty, are your assets resilient enough to withstand risks? After all, in the financial market, surviving longer is far more important than making quick profits.

Alright, that's all for today. It's late — whether you're fully invested or sitting on cash, get some rest early. The market will always be there, but your body is your own.

Thanks to all the brothers for giving me a follow 🫡
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