
悟道Crypto

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Thanks to @festival_web3 for the invitation. This time at the #Web3Festival in Hong Kong, the energy and practicality on-site really exceeded expectations.
Held for the fourth consecutive year, it has become one of the most representative events in the Asian cryptocurrency space.
This year's theme is "Mountains, Wind, Clouds, and Sea," covering over 20 in-depth forums, gathering more than 400 speakers and over 200 cutting-edge projects, attracting tens of thousands of online and offline participants.
There were many highlights at this exhibition:
- Financial Secretary Paul Chan emphasized seizing the opportunities presented by the accelerated development of AI and Web3, facing challenges, and promoting Hong Kong as an international digital finance hub.
- Vitalik Buterin shared the Ethereum roadmap, focusing on infrastructure upgrades.
- Leaders from exchanges like He Yi, Richard Teng, and Lennix Lai engaged in in-depth discussions with representatives from traditional financial institutions like HSBC and Sharplink on the convergence of "TradFi x Crypto": the development of stablecoins, cross-border payments, and the digitalization of assets (RWA) moving from concept to scale.
- The AI + Web3 session was a hit, exploring how intelligent agents can combine with decentralized trust to reconstruct value creation and distribution.
My personal biggest takeaway is that the industry is maturing rapidly.
Compliance has become the cornerstone of gaining user trust and achieving long-term development.
The core of Web3 needs to shift from "crypto self-indulgence" to serving a vast number of ordinary users, allowing AI, RWA, stablecoins, and others to truly integrate into the real economy.
Hong Kong is accelerating its transformation into a compliance highland for Web3 in Asia, driven by a dual approach of policy support and innovative practices, with a clear bridge between traditional finance and the crypto world.
Seeing so many builders, institutions, and developers spark real collaboration on-site is quite exciting.
The execution phase of Web3 has already begun, and the future belongs to those who are grounded and solve user pain points.
#HongKongWeb3Carnival #HongKongWeb3 #AIxWeb3 #RWA


Why isn't Bitcoin at $60,000 the bottom of a bear market?
Many people see a rebound and shout "the bull is here," and the sentiment has indeed risen, but I have to be honest, this is not the bottom.
Three reasons:
1. On-chain losses haven't reached their peak.
On-chain data shows that this round's profit peak is 40% higher than the last round, but the loss peak is actually lower. The market has grown, but the capitulation and cutting losses haven't been severe enough. Without a true large-scale clearing, there is no bottom.
2. History has seen false rebounds.
In mid-2022, it rebounded from 17,600 to 25,000, and at that time, there was also a lot of talk about it being the bottom, but then FTX collapsed, leading to a new low. History doesn't repeat itself, but it often rhymes.
3. The time cycle isn't over yet.
Looking at the four-year cycle, past bear bottoms have generally occurred in the fourth quarter. Even if this year is early, the fastest would be the third quarter. Right now, it's more of a continuation of the bear market, not the end.
The real bottom is when the market is completely silent, and everyone thinks "crypto is dead." The fact that people are still debating "is this the bottom" indicates that we are far from it.
Keep following me for the latest information in the crypto space.


No matter what happens externally, the crypto market has its own cycles.
Bitcoin will take about another six months to gradually reverse and start a bull market.
During this period, there will be multiple fluctuations, testing key support levels below, and rebounds.
From a larger cycle perspective, BTC will not take long to challenge the historical high of 126,000 again.




