I woke up in the morning and looked at the account, and it fell back to 1.4 million from 2 million. Interestingly, I was quite calm when I first experienced this kind of retracement, but this time - the same number, it felt completely different. The hurdle in my heart just can't be overcome. It's human nature. Operationally: The SOL short order was closed, and together with the copy position, the maximum floating profit was 40,000 U, but I didn't get a point. I wanted to wait for a better point, but I was afraid that the market would reverse, so I finally left the market with my money. Now add a short position in ETH. The logic is very simple - the upgrade is over, and the expectations have been fulfilled, and the next step is the routine of "good things turn into bad things". Coupled with the metaphysics of the currency circle: every meeting will fall. I feel like it's time for the main force to ship. There is still a long way to go, keep grinding.

Spotted an interesting token on Solana's Meteora DEX - $AROX is showing some activity worth noting. The 24-hour volume breakdown tells a story: around $13 flowing into buys while sells clock in at roughly $11. Pretty balanced action there. Liquidity is sitting at $826, which is lean but not bone-dry. Market cap? Currently hovering around $262K. These numbers suggest it's still flying under the radar for most traders. Could be early days, or could be another flash in the pan. Either way, the data's out there for anyone tracking Solana's long-tail assets.

In the past two days, there have been several exciting news in the United States, and market sentiment has been directly ignited. Let's talk about employment data first. The ADP "small non-farm payroll" figures are surprising - private sector employment fell by 32,000 in November. The fact that the economy is cooling is no longer a hint, it is clearly on the table. Now traders are frantically betting on a rate cut at next week's Fed meeting, with a probability of almost 90%. The expectation of water release is back. Let's look at personnel trends. There are rumors that the Trump team is discussing letting Hassitt take over as the next Fed chairman. This guy has directly stated before that if he comes to power, he will "cut interest rates immediately". If you really do this, it is basically equivalent to installing an "automatic transmission for interest rate cuts" for the market. There are also big moves at the regulatory level. The SEC Chairman publicly stated that the Cryptocurrency Market Structure Act is about to be implemented. If this bill is passed, it is equivalent to the U.S. government officially issuing "legal documents" to crypto assets, and the long-standing compliance risks will greatly subside. The channel for institutional admission is also opening. Polymarket has launched a compliant U.S. version of the app to officially return to the local market, and more importantly, Franklin Templeton's Solana spot ETF has begun trading. The doors of traditional finance are opening up to the crypto world. My judgment is straightforward: a bullish trend is taking shape. Expectations of interest rate cuts at the macro level are heating up, dovish tendencies at the political level are obvious, regulatory compliance frameworks are about to be implemented, and institutional products at the capital level are being launched one after another - these four forces are resonating. In particular, mainstream assets such as SOL are standing in the spotlight of large-scale scrutiny of traditional capital. For ordinary investors, now is not the time to wait and see. A few suggestions: Don't move the core position. The basic allocation of BTC and ETH should be stabilized, and SOL, a leader with the blessing of institutional ETFs, is also worth paying attention to. Hold the spot well, don't be scared away by short-term shocks. If you are afraid of chasing high, you will enter in batches. Fixed investment is a good way to smooth out costs and avoid the collapse of mentality after a shuttle. Keep an eye on next week's Fed decision. That may be the starting gun for a new round of the market, and it is better to prepare in advance than to regret it afterwards. The market is always like this - nurtured in despair, rising in hesitation. The question before you now is: Do you continue to hesitate?