October 17, 2025

The market has fallen again, showing signs of a downward trend. If you look at my predictions from a few days ago, you should be prepared. It is not surprising for the market to undergo a second bottom test at the daily level; of course, normally, the extreme price shouldn't drop as low as the spike price. To cope with downward trends or fluctuating markets, a good strategy is to implement some bottom-fishing grids. Taking BNB as an example, I previously mentioned selling off the majority in batches above 1000, and now I'm buying back within the grid, setting the lower limit around 800, buying as much as I can, which is still quite good. Of course, if you haven't sold your coins, consider your overall position. The grid is also for bottom-fishing, so risk management needs to be done well.
The decline of the market is generally within expectations, and it is currently trending down towards the low point of 1011. Therefore, conversely, this low point is a very strong support level, and the probability of breaking below it in the short term is very low, making it a recent support level. Of course, the market's decline is also influenced by some negative factors, the biggest of which is that U.S. law enforcement has uncovered a mysterious address containing 1.5 million bitcoins, worth $15 billion. According to the address tracing, it originated from early players in the domestic market, and most of these 1.5 million BTC were obtained illegally through trading, aside from their own mining earnings.
It is worth mentioning that this address was not violently cracked by U.S. law enforcement agencies, but rather due to the non-random generation of the private key. As a result, it was unexpectedly cracked under a powerful computational attack, which raises a big question mark about the security of other Bitcoin addresses.