The recent market situation in the crypto world can be summed up in one word—裂变 (裂变).

First, let's talk about Bitcoin. Yesterday, another wave of "liquidations" hit, with over 220,000 people being liquidated within 24 hours, and $814 million evaporated in an instant. Bitcoin once plunged over 5%, breaking below $87,000 for the first time since April this year. Many analysts are now watching the $85,000 level, considering it a critical point of life and death.

But at the same time, another voice is calling for a rally. A well-known influencer recently stated that the Federal Reserve's recent actions are akin to "turning on the financial faucet," which is positive for the entire crypto ecosystem. According to his logic, once the market reacts, Bitcoin could quickly rebound to $124,000 or even surge to $200,000. Ironically, this influencer is bullish in words but moved $1.5 million worth of Ethereum to exchanges, seemingly preparing to sell. This kind of "double talk" operation is truly hard to read.

Besides Bitcoin, two hot topics are fermenting today:

A governance vote on a major DEX: A proposal to activate protocol fees and burn 1 billion governance tokens officially launched today and will run until December 26. Once the news was released, big short sellers of this project hurried to cut losses, and the market is now holding its breath.

A compliant platform entering the stock market: The official announcement today that stock trading functionality is now live. This means that in the future, you might be able to trade both cryptocurrencies and traditional stocks like Apple and Tesla on this platform. The ambition behind this move is huge—aiming to "digitize" all traditional financial assets.

This is how the market is now—on one side, shocking liquidation numbers; on the other, various frenzied calls and new product launches. What does this reflect? The consensus is truly shattered. Some are scared and cut their losses, running away; others see this as a golden opportunity to bottom fish. Amid this chaos, information is flying everywhere, but you must realize— even those self-proclaimed smart big shots can be inconsistent in words and actions.

The most dangerous thing about this polarized market is following the trend blindly. Instead of being dizzy from all the messages on the screen, it's better to stick to your most comfortable trading logic. Like we mentioned before, a clear set of rules that helps you focus is often more valuable than accurately predicting tomorrow's ups and downs. Because in a landscape full of wounds and myths, protecting your positions and mindset is the true key to surviving the longest.