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蛋黄爱喝酸奶

@xingbao

We’re in a bull-to-bear transition. Secondary still has enough liquidity for big players to exit—top-of-cycle “good news” = exit liquidity. Unlikely we get a sustained rally into December. Trade the small moves (grab 20–30% and go). Don’t wait for “altseason” to save you. Opportunities remain on-chain, yet the secondary market isn’t the place to stubbornly hold in expectation of an altseason.
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