The fear and greed index in the Bitcoin spot market has fallen to 25 today, which is a bit suffocating. The most heart-wrenching part is that ETFs have seen net outflows for three consecutive days, which is quite a blow to the market. To be honest, the recent market situation has really been challenging — both long positions and short positions are being wiped out, and whoever enters just lays flat.

The trading volume is sluggish, and the price is just fluctuating back and forth in this range, completely lacking a sense of direction. Sometimes I really want to ask: when will there be some volume released?

As December is about to come to an end, the remaining trading days have little operational value. Rather than being repeatedly shaken here, it’s better to simply stay in cash and wait. It’s not too late to enter the market once the fluctuation shows a clear direction; it’s much better than making random trades and getting harvested. In the current situation, watching and waiting may be the smartest choice.