Regarding the current cycle assessment and trading strategies in the crypto market, industry traders generally observe an interesting phenomenon: most altcoins have already emerged from the trough and are beginning to recover, but mainstream coins like Bitcoin and Ethereum are still undergoing deep adjustments.

Entering the second half of 2025, the challenges the market faces will become even more prominent. For users participating in airdrops and "撸毛" (profit-taking), do not be blinded by short-term gains and blindly pour real money into it. What is a more rational approach?

Use stablecoins to perform arbitrage operations in the perpetual contract market, treating it as a stable investment channel. The key is to be patient — before October 2026, do not rush to buy the dip. Holding cash in hand gives you the confidence to act when opportunities arise. Attack when you can, defend when you must — this is the core logic.