This is the most pessimistic sentiment in this bull market cycle.

Many people are asking "what should we do next?", but in this neutral and uncertain situation, I believe the right thing to do is to stick to our beliefs, maintain our current position, and wait and see. (NFA)

Today's analyst consensus on Ethereum is quite interesting. @unbias_fyi

The Bitcoin spot market is currently dominated by buying pressure. [Chart Link]

The meme market is dead.

If strategic holders had continued to hold 650,000 Bitcoins during this cycle (or sold only a small portion), we wouldn't have seen a 65% drop like in 2022. Currently, Bitcoin's price is about 25% away from its all-time high. Even if a bear market arrives, the decline is likely to be smaller, and it's more likely to trade within a wide range of sideways movement. Long-term holders should avoid panic selling. Bitcoin currently has more liquidity channels, so in my view, its long-term prospects are clearly very strong.

Most Bitcoin on-chain metrics are trending bearish. A lack of macro liquidity suggests we are entering a bear market cycle. Dashboard Link

@cz_binance If you truly want to succeed, you must work incredibly hard and stick to your principles. As a founder myself, I personally have immense respect for both of them. You can learn about their philosophies in the blog below. If you're also a founder, I highly recommend reading it. @cz_binance By the way, I didn't receive any payment for writing this article. If you haven't run a business yourself, it might be difficult to realize how outstanding they are as businesspeople.

Never sell your Bitcoin. (Unless your shareholders require you to do so)

Altcoin liquidity is drying up. Projects that can access new liquidity channels such as DAT and ETFs are more likely to survive in the long run. If your altcoin isn't actively seeking liquidity, its long-term risk may be high.