Today, I reviewed the recent market trends and want to discuss the logic behind this wave of行情.

The macro environment is indeed changing. The Bank of Japan's rate hike expectations are heating up, with the latest news indicating that the benchmark interest rate may be raised from 0.50% to 0.75%; on the US side, the core CPI year-over-year growth unexpectedly slowed to 2.6%, hitting a new low since early 2021. These data points seem to be positive signals, but the market's reaction has been the opposite.

To put it simply, the current cryptocurrency fear and greed index is only 16, and the entire market is in a state of extreme panic. Last night, US tech stocks generally came under pressure, with Nvidia and Tesla falling about 4%, and Oracle dropping over 5%. The Nasdaq index fell nearly 2%, which reflects a synchronized correction in the crypto market—Bitcoin surged at the US stock market open but quickly retreated, now back to the 85xxx range, getting closer to this month's new lows.

In my holdings, I have some positions in CEX with AI, LPT, WLD, and SOL, and on the DEX side, CRED, GIGGLE, and BANK. Honestly, this recent行情 has given me a new understanding—wealth is actually a compensation for cognition, not a reward for hard work. When the direction is wrong, the more effort you put in, the deeper the potential losses. That’s why, in such market conditions, staying clear-headed and making correct judgments are often more important than blind actions.