Yesterday, I made a phone call with a friend who is making market on the exchange. I would like to take a note and share it with you: Before Trump took office on December 24th, November 3rd, the main force of the pancake market had already started selling, and many smart money began to flee. Of course, he has been monitoring the main force, so he also sold along. Currently, many secondary markets are losing money and many have abandoned their holdings, such as ORDI BOME, which also abandoned its holdings recently. We need to observe whether it will come back in the future. Too many other villages have abandoned their holdings. There are many types of villages, with only one village having a small market value and many villages having a large market value. The larger the market value, the smarter the village is generally. For example, in December last year, many BTC and ETH main players withdrew from the high point, but small knockoff villages still don't know and silently lose money. There are many TAO branches, all of which are Wall Street institutions. Only TAO institutions need this computing power to purchase TAO as nodes, and retail investors do not need or understand this type of currency. 4. Subjective opinions can be fatal, don't predict the market, you don't even know how the market will go. It's best to build a position on the right side. Last year, there was a huge market explosion on August 5th. When did he come in himself? He monitored the BTC main force and accumulated 10B of funds before coming in. At that time, the market was already over 60000 yuan, but he did not come in at 50000 yuan because the trend had not formed and the main force did not have large funds coming in. When do imitations like GALA XRP BNX enter the market? They usually monitor the main players to accumulate more than 50m of funds before entering, and the trend is basically formed. However, sometimes it is a short-term trend, such as adjusting for a shorter period of time, and the rebound will end and then fall back. 5. So I asked him how he sees the current market situation, and he said there won't be any market trend at the moment. When there is a large amount of capital coming in, just follow along and play. He won't subjectively believe in any particular track or market hype, just follow the trend and participate. I don't predict how the market will go, I follow market funds and only focus on highly certain market trends. 6. He has hardly lost money in 23 or 24 years, as he takes profits and converts them into USDT. Currently, he is in a short position and usually waits for a few months or a year for the next major market trend. Only play coins with high market value, and do not participate in the small market value of Tugou meme. He said that the larger the market value, the richer the market makers, the better they can operate, and the easier it is to ship. Truly powerful big houses are trading currencies with a market value of billions or more, and will not play with low market value currencies. This article is sponsored by Bitget | @ Bitgetzh