TechFlow, Nov. 1 — QwQiao, co-founder of AllianceDAO, posted that he has observed most of the astute traders and long-term investors he follows have turned bearish across different timeframes, with overall sentiment in the crypto market leaning cautious.
He mentioned that he has felt concerned about the market since mid-September. Although he remains optimistic in the long term, under the convergence of multiple signals, reducing exposure appears to be a rational decision. He pointed out a possible current market structure: AI-related stocks continue to rise, while other assets—including crypto assets—remain under sustained pressure, a trend that has lasted for several months.
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