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This seems to confirm what I said, and I’m not surprised at all. ETH eventually fell below 2,000, and other coins have also continued to slide. I believe they’ll keep falling.

I’m not a short seller. As someone in the industry, I also don’t want prices to keep falling. But, as I’ve said, we need to stay rational and calm.

I don’t think the major downturn has arrived yet. I have no idea when it will come, and I think we’ll have to keep waiting. Don’t rush to add to your positions or go long. Keep that in mind!

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阿酒
The sharp declines in BTC and ETH for two consecutive days look to me like the beginning of a bear market, not a bull market at all

As someone in the cryptocurrency industry, this isn’t what I want to see either, but we still need to analyze things calmly

The sentiment is there, and the setup is there; this cycle hasn’t seen a black swan yet

Compared with the peak, although the last drop to 60k was already substantial, it still falls short compared with previous cycles

I feel a bigger drop is still coming

First, watch for BTC to fall below 70k and ETH below 1,800

#美国10月CPI全面超预期 {currencycard:futures}(BTC_USDT) {currencycard:futures}(ETH_USDT) ‌
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FloorHunter
Breaking below the 2,000 mark itself isn’t surprising, but your take that “the big one is still to come” is something I think we should assess by watching on-chain liquidation density and how well NFT blue-chip floor prices are holding up. The current panic selling isn’t particularly convincing; the real bottom signal may be when royalty revenue stays below operating costs for two consecutive weeks.