#数字资产市场洞察 You can't make money now, and it's not a matter of ability - the way this round of market operates has changed.

Recently, many newcomers have expressed the same sentiment: the indices are rising, the themes are hot, and news keeps coming, yet they either get repeatedly washed out or end up losing more with each trade. Some even find themselves confused and dragged into various "learning communities," ultimately becoming tools for paying fees and receiving commissions.

**The core issues are these points.**

You are still using the mindset from the last bull market to trade this round of market.
In the era of one-sided surges, there were indeed people who changed their fate with a single order. But now it's different. There are trends, but the sustainability is weak, replaced by high-frequency fluctuations and repeated washouts. As long as there's still the dream of "soaring to great heights" in one's mind, the result is basically being repeatedly harvested halfway up the mountain, and then leveraging oneself into a pit.

Newbies should start like this: first learn to survive, then talk about making money.
Many people have made money through luck and treat that luck as skill. Little do they know that the first lesson in advancing is to protect the principal—no full positions, no all-in bets, no high leverage, and no actions taken during emotional peaks. Only by controlling drawdowns can one talk about profits. An account that can survive stably is far more valuable than one that frequently blows up.

Don't touch projects you don't understand, no matter how enticing they may seem.
The biggest killer in this circle has never been market fluctuations, but rather cognitive traps. Why do cryptocurrencies rise, where does the money come from, what is the logic chain, and what is the current state of the ecosystem - if you can't articulate these, the money you invest is essentially a donation. The less you understand, the more you should stick to mainstream cryptocurrencies and top ecosystems, focusing on things with a higher probability.

**The most easily overlooked point: information asymmetry.**
The biggest change in this round of market activity is that domestic public opinion is generally lagging behind. The real rhythm is happening overseas—policy trends, institutional layouts, ETF capital flows, regulatory details, all occur first in Europe, America, Japan, and South Korea.

The Ethereum Prague upgrade illustrates the issue. Developers announced the test passing news on Discord immediately, and overseas traders reacted instantly, causing ETH to surge. By the time major domestic platforms forwarded the news, it was already several hours late, and the first wave of gains had long been finished. Those who rushed in later to take over were mostly left holding the bag.

This round of market conditions tests not courage and emotions, but the depth of understanding, market rhythm, and survival awareness. Only those who survive until the end are qualified to share in the bull market dividends.

$BEAT $PIPPIN $RAVE