Bitcoin holding at the 80,000 level is honestly pretty critical. If it really breaks below, the future trend becomes hard to predict.

This current back-and-forth volatility is basically a shakeout—getting rid of those who are over-leveraged or trading on emotion. The big players have already staked out their positions and are just waiting for retail investors to panic-sell.

Has the market panic been released enough? Those high-leverage longs have long been liquidated and wiped out. From a certain perspective, this is actually a window of opportunity to buy the dip.

But to be honest: the vast majority of people end up selling at the bottom and chasing at the top. Very few have the guts to act at times like this. When the market really takes off, they’ll be pounding their chests, saying “If only I’d bought more” 😂

But when it comes to bottom-fishing, risk management is key. Never go all-in at once—building a position in batches is the right way. The market won’t give you a green light just because you’re in a hurry to get on board.

Now, let’s talk about the GameFi sector—a textbook narrative bubble. Even some leading guild projects can’t escape this pattern. DAO governance, launch platforms—it all sounds flashy, but at the end of the day, it’s just self-circulation in an ecosystem lacking real users.

Large capital pulling out is perfectly normal: institutions saw through GameFi a long time ago—it’s just traditional games with a Web3 wrapper to extract value. The real issue isn’t a technical bear market, but that the business logic is flawed at its core.

The concept of “play to earn” itself goes against economic common sense—if everyone wants to Play to Earn, who’s left to Pay to Play? The guild model is more like a hierarchical structure, relying on constantly bringing in new people to keep it going.

Regulation is just a surface-level factor. The core problem is that the actual value these projects create is far less than the amount of capital they absorb. Now that money is flowing out, it’s a sign that the smart money is already making an early exit.