I recently saw the virtual currency scam case in Macau, where a woman was deceived into investing 1.18 million, and the whole thing was a sham. Many people came to ask me: Is this kind of news a sign that the market is about to collapse?

Honestly, these kinds of incidents are indeed disgusting. They expose the fact that the industry is a mixed bag, and in the short term, they will definitely scare some newcomers. But here’s the key point — the scammer’s mischief has nothing to do with the fundamentals of mainstream coins like Bitcoin and Ethereum. Regulations may come out to impose restrictions, which is actually a positive, as it can weed out trash projects.

What I pay more attention to is on-chain data. Yesterday, while monitoring the market, I specifically looked at it — the large holders (whale addresses) didn’t sell, but instead increased their holdings. According to Glassnode data, the outflow from exchanges is increasing, meaning big players are withdrawing coins to hoard, not dumping. The number of active addresses on the chain is still rising, indicating a solid user base, so the news has limited impact on popularity.

Besides this negative signal, there are positive signs as well. Institutional funds are waiting for the right moment, and the story of the halving cycle has not yet fully played out — these are long-term drivers. The current market sentiment is indeed fearful, but according to historical patterns, fear often hides opportunities.

My straightforward view is: in the short term, there might be some shakeout to wash out the weak hands, but a decline is an easy opportunity. The bull market’s main direction hasn’t changed; just hold your positions steadily and don’t get carried away by news. I will continue to watch on-chain movements and report any anomalies immediately. Data never lies, and the market always rewards those who stay calm in the end.