#SOL summarized the viewpoints of major top traders, and currently, most traders have quite consistent opinions: the market needs a period of adjustment in the short term. Overall, people are relatively optimistic about $BTC , but there is a generally pessimistic attitude towards alts, and most are avoiding risks. Apart from a few mainstream alts, most are considered to be entering a bear phase. Although this sounds a bit cliché, I still want to remind you again — the risks of alts should not be underestimated; choosing the wrong coin could lead to losses even with Spot.
Now many alts are no longer being picked up, and the situation is quite awkward. The alts that can be bought now are either mainstream coins like ETH and $SOL that have ETF expectations, or projects like $HYPE that have income and buyback mechanisms. I don't actually feel that the market will immediately turn bearish, but this stage is indeed not suitable for aggressive operations, so my position is very light, currently holding less than 6 layers of Spot, mainly in mainstream coins. If it drops a bit more, I might add some more Spot, but I won't use leverage, still focusing on stability.
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#SOL summarized the viewpoints of major top traders, and currently, most traders have quite consistent opinions: the market needs a period of adjustment in the short term. Overall, people are relatively optimistic about $BTC , but there is a generally pessimistic attitude towards alts, and most are avoiding risks. Apart from a few mainstream alts, most are considered to be entering a bear phase. Although this sounds a bit cliché, I still want to remind you again — the risks of alts should not be underestimated; choosing the wrong coin could lead to losses even with Spot.
Now many alts are no longer being picked up, and the situation is quite awkward. The alts that can be bought now are either mainstream coins like ETH and $SOL that have ETF expectations, or projects like $HYPE that have income and buyback mechanisms.
I don't actually feel that the market will immediately turn bearish, but this stage is indeed not suitable for aggressive operations, so my position is very light, currently holding less than 6 layers of Spot, mainly in mainstream coins. If it drops a bit more, I might add some more Spot, but I won't use leverage, still focusing on stability.