2025.11.21

#Gate广场新手村第七期
Today, the Fear Index has reached 14, marking the ninth consecutive day of fear. Bitcoin’s single-day drop is 10%, with a 24% decline this month. However, sharp drops like this are a sign of shakeouts. The news about non-farm payroll data, rate cut meetings, and the constant negative media coverage are all helping with this shakeout.

Recently, many analysts’ VIP levels have dropped by one rank. Not sure if it’s because they cashed out or because their accounts shrank after Bitcoin’s plunge. Below is the asset, trading volume, or GT holding required for each VIP level, so it’s clear how much capital many analysts have on Gate. I’ve withdrawn some funds from my account too, since seeing idle funds in my account makes me want to increase my position. Plus, the coins I was holding have dropped 30% in price, so I’ve been downgraded as well, haha.

To be honest, Bitcoin has been rising since 2023 for three years now. People always say there are three years of bull market and one year of bear market, but this is such an obvious analysis that I believe many can see it. So, the contrarian move is to do the opposite. I can hardly resist wanting to buy more, but I know I need to wait for clearer signs and data before a new trend emerges. In the crypto space, you really need to control your emotions. The most important instruction is to wait.