认真看完了。突然有点感慨，这两年听到太多人跟我说什么币圈赚不到钱之类的话，特别是前两个周期过来的，一顿猛操作下来，他们理解的altcoin season没有来，他们手里BTC也不多了。
不是币圈赚不到钱，而是路径依赖，认知原地踏步，幻想前两个cycle的狂暴大牛市再来一次。凭心而论，在币圈这么久如果还是没赚到钱，那可能币圈真不合适你。
https://twitter.com/JaydenWei/status/2007371851287457797

Twitter

I read it carefully. I suddenly feel a bit emotional. In the past two years, I've heard too many people tell me that you can't make money in the crypto, especially those who came from the first two cycles. After a flurry of activity, the altcoin season they thought they were talking about never came, and they don't have much BTC left.
It's not that you can't make money in the crypto, but rather that you're stuck in a cycle of stagnation, clinging to the fantasy of another crazy bull market like the previous two cycles. Honestly, if you've been in the crypto for so long and still haven't made money, then maybe crypto really isn't for you.
https://twitter.com/JaydenWei/status/2007371851287457797

Author: Yuanshan Insights
Data Source: Farside Investors, SoSoValue, Fed H.4.1 Report, CryptoQuant

On the first trading day of 2026, BTC ETF saw a net inflow of $471 million.

What does this figure mean?

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