How is your Holdings during this recent fall?

The market suddenly changes, with several news pieces hitting at the same time: the hawkish stance of the Bank of Japan raises interest rate expectations, and the old script of global funds flowing back to Japan is about to play out again; on the American side, there are rumors of a possible change in the Federal Reserve Chair, and the questioned independence tightens the market nerves; domestic regulations once again clarify the crackdown attitude towards virtual currency trading and stablecoins, with policy pressure continuously ramping up.

Worse still, the DeFi sector is also tumultuous—Yearn Finance's yETH liquidity pool was attacked, causing nearly 3 million dollars to evaporate, and security issues once again prick investors' nerves.

However, looking at the data calmly, the Ahr999 investment indicator for Bitcoin has now fallen to 0.57, just a step away from the historical bottom area of 0.45. From a cost-effectiveness perspective, it's not too expensive to gradually build up spot holdings at this stage. Of course, it's also important to be mentally prepared for a pullback to around 80,000.

To be honest, the liquidity recovery in a high interest rate environment is not a matter of one or two weeks; this bottoming process may last for another 1 to 2 months, until the panic selling is completely cleared. As for the longer-term bottom? Personally, I tend to believe there is a chance to see a range of $45,000 to $55,000 by the end of next year — this is not pessimistic, but rather leaves room for expectations.

This week, focus on two key data points: the public speech of the Federal Reserve Chairman and the U.S. PCE price index, as they will directly affect the short-term direction.

What is most needed now is patience and discipline. If you have any questions about holdings management or risk control, feel free to discuss specific strategies and let's smoothly get through this volatile period together.