LiangxiYyds

1: As the bottom of the food chain, only time is the fairest. Only by starting from this perspective can one break the deadlock; all other approaches are likely to lead to self-destruction.
2: When the trend judgment is correct, run with profits to generate more gains. When the trend judgment is wrong, use averaging down to catch the pullback and balance losses without losing.

Market Reflection | A Reasonable Scenario for the Current Crypto Market Selling Pressure
Pantera partner Franklin Bi mentioned a perspective worth considering:
The recent sell-off may not originate from traditional crypto-native institutions but rather from large entities in Asia with relatively low crypto exposure.
One possible chain of events is:
Leverage and market making on Bn → Reverse JPY carry trade → Extreme liquidity shock → Approximately 90-day buffer period → Failed attempts to replenish through gold/silver → Forced to accelerate deleveraging this week.
This can also explain:
• On