Next week, the Bank of Japan meeting combined with the Christmas holiday schedule signals that the traditional two-round major capital withdrawal risk is approaching. Bulls should be cautious during this period; don’t just chase after small profits from bottom-fishing, or you might end up losing your principal.

This rate cut cycle is clearly a positive for the crypto market, but the rebound strength is surprisingly weak—unable to rise. Thinking carefully, the black swan event in mid-October directly drained all the funds from the market, and retail investors’ confidence also collapsed. If this trend continues, a bear market is truly imminent.

Mainstream coin traders might consider placing more short positions for hedging. This is the nature of the market: it drags when rising, but crashes like lightning once it turns downward. The rhythm of gains and losses is completely different.

The cold winter in the crypto world may have already begun. Winter is coming.