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Xie Jiaping's Tweet Implies "Be Fearful When Others Are Greedy" Moment May Be Here
BlockBeats News, November 24, Xinhua, Bitget's Chinese spokesperson Xie Jiayin recently stated in a post on X platform that the current cryptocurrency total market capitalization has returned to $3.3 trillion, while the market sentiment indicator has dropped to 10, hitting a new low in nearly two years. Looking back, he recalled that in March and April of this year, the market also experienced similar pullbacks and widespread panic, but it was later proven to be a buying opportunity. The current market situation bears a striking resemblance to history, implying that the timing for the strategy of "when others panic, I am greedy" may have arrived.
Xie Jiayin emphasized that the current market's theme still revolves around the continued growth of DATs, ETFs, and stablecoins. He advised investors to focus on the following three data dimensions in their subsequent operations as key indicators to judge the market's direction: daily BTC/ETH ETF net inflows, MicroStrategy dynamics, stablecoin total supply curve.
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