Ranked among the top 25 Bitcoin holders, Empery Digital has already faced demands from the board to liquidate their Bitcoin holdings, signaling an early warning sign of a potential crash. If this situation escalates, it could trigger a series of sell-offs from treasury companies, which I previously identified as early indicators of a market downturn. The signs are already emerging, and we need to keep a close watch. Because I predicted this half a year ago, I am not worried about their potential collapse.

Thinking back to the black swan events in the crypto world—exchanges running away, thefts, and zeroing out of investments by hundreds or thousands of times—my only response to black swans has been to anticipate early, develop strategies, and wait for the right moment to enter. This also indicates that the bottom has not yet been reached; it’s still early. Don’t rush in too aggressively to avoid getting caught by a falling knife.

In the past, bear markets lasted one or two years, but this time the pattern has changed. I don’t know if it will be three or four years of bear market; I haven’t experienced it myself. But I do know how to survive in a bear market. After all, this is the third cycle. Making money in a bull market isn’t impressive; the real skill is to continue making profits and survive during a bear market.

Of course, surviving doesn’t mean just cutting the grass or making money through certain methods. It’s about using your skills to find coins that are about to rise, buy them to profit from the difference, or trade contracts to stay profitable and survive. When the tide recedes, you’ll see who’s truly swimming naked.

I am very willing to accept doubts and challenges from others regarding my abilities. My confidence comes from having survived three bull and bear cycles, the relentless training from constant trading, my background in VC investments, and the resilience to keep learning and improving despite market setbacks.

I also want to discover my own shortcomings through others’ doubts and challenges, so I can work hard to maintain the motivation to keep learning and growing.