The current trend of the Crypto Assets market is frustrating many investors. We have witnessed the rapid pump of some projects, followed by a swift decline, and this fluctuation undoubtedly brings great psychological pressure to investors.

Market sentiment often changes dramatically with price fluctuations. When prices rise, people are filled with excitement and envision endless possibilities; however, when prices fall, pessimism spreads rapidly, often overlooking the previous rising trend. This emotional reaction is particularly evident in the current market environment.

There is a view that this cycle lacks the typical characteristics of a 'altcoin season.' However, we need to recognize that each market cycle has its own uniqueness. The idea that all projects can advance simultaneously and reach new highs may be overly idealistic. Even in the bull market of 2021, which was widely regarded as such, not all projects performed remarkably; many projects had relatively mediocre rises.

It is worth noting that the peaks of different sectors are often staggered in time, sometimes by several months. Therefore, even in an overall bullish market, the timing of entry remains crucial.

This cycle may still see the emergence of a 'shanzhai season,' but its characteristics may be milder. We are likely to see some projects perform exceptionally well, far exceeding the average market level. However, simply linking market performance directly to monetary policy may be overly simplistic. Historical data shows that the relationship between market performance and monetary policy is not always a straightforward linear one.

Another trend worth noting is the market's preference for new projects. The phenomenon of 'investing in the new rather than the old' was particularly evident in the last cycle. As the market continues to evolve, investors are increasingly inclined to focus on emerging projects with innovation and development potential.

In such a market environment, investors need to maintain a clear mind, prudently assess each investment opportunity, and also have enough patience to cope with the short-term fluctuations of the market. Understanding the characteristics of market cycles and adjusting investment strategies accordingly will be the key to achieving success in this challenging and opportunity-filled market.