Iran and the U.S. have been in negotiations. Recently, there have been frequent updates on related crypto legislation. The Federal Reserve's rate cut has been back on the agenda. Last night, U.S. stocks, cryptocurrencies, and gold all declined, but rebounded again after 11 PM. This was partly due to the Chicago Fed President's TV interview, where he mentioned that U.S. inflation is returning toward the 2% target, possibly accelerating the pace of rate cuts. Institutions are still accumulating, but the price of coins isn't rising, and even small news can trigger intense market volatility. These are all signs of liquidity exhaustion.

My personal guess for this decline is that it is also related to the recent crackdown on Cambodian mining farms, similar to the previous actions by major Eastern powers against Myanmar. A friend of mine told me that this time, it was almost a complete wipeout. They hold a large amount of Bitcoin and are selling to cover losses and profit from Bitcoin’s appreciation over the past few years. I believe that the continuous suppression of prices also plays a role.

Also, don’t forget that Japan will hold its interest rate decision in April. If the yen appreciates and rates are raised, it will be another heavy blow to carry trade. The already tight liquidity will be further drained. But I think there’s no need to be overly nervous. I stick to the old view: no matter how much it drops, it will definitely reach new highs again within a few years. This is an opportunity for ordinary people.

As long as U.S. stocks, cryptocurrencies, and gold dare to fall again, we will buy in batches. First, the dollar’s global dominance remains unchallenged. Second, U.S. stocks are owned by the public, reflecting national strength. The new wave of global energy resource extraction by the U.S. has just begun. It won’t shift eastward or westward immediately; at least not within 20 years. The crypto market is also an important reservoir for the dollar.

Moreover, the RWA projects involving U.S. stocks, U.S. bonds, and precious metals are gradually forming a closed loop of U.S. assets. However, this means that altcoins will be heavily affected in the future. But public blockchains with real utility, lending platforms, and platform tokens will remain resilient. Meme coins and dead tokens will gradually exit the market.

In the future, holding stablecoins to invest in high-quality global assets from home will become an even stronger narrative. So everyone, rest assured—dollar-cost averaging into quality coins is safe. No need to worry. Follow the institutions step by step. This year is likely to be a volatile "monkey market," bouncing up and down. Coins that go to zero are not that fragile; they are still growing and evolving. The game rules are constantly changing.

Both May and November will present opportunities for gains. Keep stop-losses in place and protect your principal. Hold onto spot assets. Your future self will thank you for today’s decisions. Don’t go all-in; avoid risking your principal. Be diligent with short-term contracts—take profits and reduce positions. Long-term is harder; the current 7-6 oscillation will last a long time. Don’t rule out a push toward 7.3, but don’t expect 80,000 either. At least within the month, it’s unlikely, as the current capital structure and the recent rise don’t align with the main players’ interests. Be patient and wait quietly.

Keep going, brothers—just ride the waves and protect your principal!