在大的趋势上，我的观点也没有变过，虽然一直在被人喷，但我始终觉得目前并不是流动性反转的时候，主要的原因就是在于货币政策，但并不是说流动性不好，就一定没有优质资产，这个周期的七姐妹（Ai）和 $BTC 都是优质资产。
尤其是当 Bitcoin 通过了现货 ETF

其实我的另一层理解是：
短线，甚至中短线是可以靠事件驱动的，川普的关税，中美的博弈，穆迪的评级，贝森特的讲话；从本质上来看，和宏观上出个CPI数据，新闻上出个比特币储备法案通过不通过没有任何区别； x.com/Phyrex_Ni/stat…

陈桂林

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In the broader trend, my perspective hasn't changed, although I've been constantly criticized. I still believe that this is not the time for liquidity reversal, mainly due to monetary policy. However, this doesn't mean that when liquidity is not good, there are no quality assets. In this cycle, the Seven Sisters (AI) and $BTC are quality assets, especially after <Bitcoin> passed the spot ETF.

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...

Is Bitcoin mining a thing of the past? Is AI the new trend?

最後一句很經典，不知者「無罪」，
反倒是已經知道 BTC、美股的人，才會被價格波動所擾。
世間本無事，庸人自擾之。

The last sentence is very classic, ignorance is not a sin.
On the contrary, only those who already know about BTC and US stocks will be disturbed by price fluctuations.
There is nothing to worry about in the world, only mediocre people make trouble for themselves.