It's another day of losing money after getting up. Let's review the recent series of crazy operations:

1️⃣ Late September - Early October
Bought the big cake around 11.2K, with the clearing point around 12.2K (the image shows screenshots of some accounts).
This part is the main source of profit in this round of market.

2️⃣ After clearing out the big pancake
The focus has shifted from BTC to altcoins, and the position has been changed to ETH.
This round is very similar to the previous "Trump market" - both funds and sentiment are focused on the blockchain.
After ETH surged to 4800, it began to decline. The profits made from this round of Bitcoin have all been spent on ETH, playing through another round for nothing.
I have to say that the belief in Ethereum is indeed too expensive.
Calculating it all up, the total spending for this round is almost 1M.
Although it is just a profit drawdown, controlling the drawdown is essentially making a profit.
3️⃣ About the Shanzhai Season
The altcoin season in exchanges is becoming increasingly difficult to navigate. Mainstream coins are not seeing any capital inflows, and the market looks more like a PvP battle between some old-timers.
The profit and loss ratio is not high, and it requires constant monitoring, which is becoming increasingly unfriendly for small capital players.
Small funds are still more suitable for playing on-chain. Although the win rate is low, the profit-loss ratio is high.
(PS: I am also still learning.)

4️⃣ Next plan
See if there is a rebound opportunity, prepare to clear ETH spot, and then observe with a short position.