BlockVC founder Xu Yingkai: It is recommended that Bitcoin continue to bottom out and wait for the opportunity to open a position on the right.

Block VC founder Xu Yingkai said in Weibo today that for an alternative asset market of only 200 billion US dollars, the scale is too small, so the market is always in the state of Schrödinger at the border of the bulls and bears, there is the possibility of short-term changes in direction and direction. . Since there is no new news and new highlights in the market recently, the basis for buying news to sell facts is missing. The market is not so cold, it is better to say that the market is a bit boring. Mining, financing, mergers and acquisitions, investment, and investment have all been greatly affected by the market. The altcoin market is shrinking. The disk is basically dominated by the internal disk model. The scale wealth effect has gradually faded. Everyone is looking for new ways to play and mode. With the arrival of the dry season, mining has slowly approached the cost line. If there is no clear positive or event-driven, I am afraid that Q4 will become a depression in the encryption economic cycle this year. It is recommended that you optimize the team structure during this time, Bitcoin continues to bottom out and wait for the opportunity to open a position on the right.