At this point in time, the market is filled with mixed opinions about the future. Some still believe the bull market can continue until the first half of next year, but my view is completely opposite—I don’t plan to touch any coins before mid-2026.

Honestly, there’s no asset right now that makes me want to take action. Bitcoin has already surged above $90,000, OKB is approaching $100, BNB is even above $800. With these prices sitting there, I just can’t find a reason to intervene now. As for those smaller coins, I don’t even want to touch them.

Ultimately, the core issue before me is no longer about bull or bear markets, but about cost performance. Without good value, what’s the point of participating?

Either wait for mainstream coins to retrace to reasonable levels—Bitcoin drops below $50,000, OKB falls below $50, BNB drops below $500—or watch them consolidate at this level, giving time to digest these high prices. Otherwise, I’ll stay on the sidelines.

Essentially, current prices are not justified by their true value. Maybe in two years, they’ll catch up, but right now, they’re far from it. This isn’t just a Bitcoin issue; OKB and BNB follow the same logic—current prices may face the risk of being cut in half.

When the next cycle truly kicks in and prices spiral upward again, the bottom should be more stable, and long-term support will be stronger. Of course, this depends on those value coins. If they are altcoins, no matter how cheap you buy them, they could still drop another 90%. I can’t afford that risk.

The most important principle in investing is—only gradually build positions when truly good opportunities arise. At other times, it’s best to hold back.