During the winter solstice, let's discuss some deeper issues in the crypto market.

Many people focus on technological iterations and capital flows, but the biggest uncertainty currently facing the crypto market actually comes from the variable of "human". How difficult is it to quantify human behavior? Just look at the market fluctuations — with the same technical indicators and the same capital situation, the market reactions at different times can be drastically different.

StandX, as an on-chain infrastructure for behavioral finance, has captured the essence of this issue. In the on-chain world, data is transparent, but human emotions are not. Traders' emotions, expectations, and decision biases, these soft factors, often determine the direction of market cycles more than hard data. This is the true entry point to understanding the crypto market.