In a bear market, the two assets that can continue generating cash flow rose 68% and 45%, respectively: AAVE and UNI💥 In a bear market, most crypto assets experience sharp price declines, but protocols that can continuously generate real cash flow have demonstrated resilience. Recently, AAVE rose approximately 68% and UNI approximately 45%, exemplifying this logic. As a decentralized lending protocol, AAVE’s core value lies in capital utilization. Users deposit assets to earn interest, borrowers pay interest, and the protocol derives revenue from reserves, liquidation penalties, and GHO stablecoin-related income. Regardless of whether the market rises or falls, cash flow will not be interrupted as long as there is demand for borrowing and lending. In recent years, the protocol has used most of its revenue for token buybacks, further strengthening the link between the token and real earnings and making it more attractive to capital during bear markets. UNI, meanwhile, relies on Uniswap, the largest decentralized exchange. Trading fees are its ongoing source of cash, particularly after the fee switch is activated, when protocol revenue flows directly into UNI buybacks and burns. Even if overall trading volume fluctuates as the market cools, fees will continue to be generated as long as there is genuine demand for swaps on-chain. This “use generates yield” model is far more resilient across market cycles than tokens driven purely by narratives. The two share a common advantage: their underlying businesses do not depend on token prices rising, but are built on genuine usage demand. Bear markets eliminate bubbles while highlighting projects capable of steadily generating cash flow. AAVE and UNI demonstrate that continuous cash flow is the core competitive advantage for weathering market cycles and an important anchor for long-term value investing. #BTC三天大涨20%

$BTC $ETH After the rally, the market has started grinding and testing patience. I’m temporarily viewing it as range-bound, but I won’t treat the range as a safe. 📦For BTC, I’m watching $75,800–$78,000 first, and for ETH, $2,360–$2,480. Near the upper boundary, watch for resistance; near the lower boundary, see whether it can stabilize. The easiest way to lose money in a range-bound market isn’t getting the direction wrong, but repeatedly opening positions in the middle, where there’s no clear high or low, getting wicked back and forth, and taking hits from both sides. 👀My approach is simple: trade only the boundaries, test with small positions, admit mistakes when the range breaks, and keep my hands off in the middle. Range trading rewards patience, not the number of orders placed. 🧠

The long position we entered this morning hit our take-profit level perfectly! Everyone can take profits now $ETH $XAU #黄金 #AI算力狂飙钨供应短缺