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The Nasdaq plunged yesterday, 📉
posting one of its biggest single-day declines since June,
as the AI trade was repriced,
with Meta, Tesla, and chip-related stocks all taking a hit.
Even BTC was affected…
Everyone,
do you think U.S. stocks will keep plunging when they open tonight?
If AI stocks in the U.S. fall,
that will continue to weigh on BTC and altcoins……
The crypto market is so weak—it follows the drops but not the rallies.
What are we supposed to do? 😹

BTC surged to $84k,
so why did it get knocked back again?
The entire crypto market has been weak today…
What does this mean?
Are market makers pumping it to dump?
Or is something big about to happen again?

A very interesting thing:
Whether it’s AI or Web3,
everyone believes there is a future,
yet finds that not every investment can make money.
Technological revolutions can succeed,
but not every participant in the capital markets will necessarily succeed.

Every time a token unlock happens, the market debates:
Is it bearish, or is the bearish impact already priced in?
🉑The most dangerous thing for altcoins
isn't the unlock, but having no one to buy…😂

Have you noticed a contradiction in the crypto industry:
Everyone wants traditional financial institutions to enter,
yet they also worry that regulation will become increasingly strict.
Clear rules may bring in more capital;
stricter requirements may also leave some projects with no room to survive.
The process of industry maturation
may not make all coins rise,
but may instead widen the gap between projects.

Here’s a truth:
The wealth created by a technological revolution
is not necessarily distributed equally among the people who took part in it.