I see everyone is on the defensive, and I can't help but start doubting my own judgment... Logically speaking, a large amount of funds have been liquidated, and the market needs time to recover. The funds used for bottom-fishing are mostly not willing to hold long-term (you need to be in cash to buy the dip), so in most cases, there’s usually a second dip. But looking at the price action, it’s just too weird—basically no pullbacks, just a straight rebound upward. Maybe some market makers (MMs) have already gone bankrupt but are still holding on. Once they get liquidated, they’ll have no choice but to start dumping $BTC and $ETH. This is exactly like what happened with 3AC during the Luna crash. When Luna collapsed, $BTC didn’t drop much initially—just from 32,000 to 26,000 over 2-3 days, then it rebounded completely. But two weeks later, when 3AC’s bankruptcy was exposed, it accelerated the drop to 18,000. Currently holding mostly long-tail assets, along with some trending coins and BSC memes. Honestly, I really don’t recommend long-tail assets—they’re extremely difficult, mentally exhausting, and tie up a lot of capital. But in my understanding, long-tail assets are like value investing in the crypto world. I’ve been playing with small-cap coins for years, so I’m way too familiar with this game.