WLFI is really going down, some people are too ruthless, treating the crypto world like an ATM. Now WLFI has fallen below the key support of 0.2, and below that is an endless abyss. Any rebound can be an opportunity to try shorting in batches, especially if it rebounds near the previous support of 0.2.

The issuance of this coin is 100 billion pieces, with its current price of 0.18, the total market value is 18 billion, which is definitely overvalued. Don't talk about circulating market value; valuation is always based on total market value. No one uses circulating market value for valuation because locked coins can be unlocked at any time. They issue coins to make money, not to give you money. I reminded everyone about this in my video yesterday.

His stablecoin issuance is only around 2 billion, while his total market value is close to 20 billion. The company's market value is more than 10 times his assets, and this 2 billion stablecoin asset is not even his; he is just holding it on behalf of others. So it is indeed overvalued. The long-term price will certainly return to rationality, for example, around 0.1, which corresponds to a total market value of 10 billion. This is already quite generous to them. Don't forget, every now and then, he will definitely unlock tokens again, which will create selling pressure.

WLFI this coin Shuqin told everyone not to buy in before its release, and we have shorted multiple times, which shows a correct understanding of valuation. What we are increasing our holdings in is the undervalued Solana, whose data is actually quite similar to Ethereum, but its total market value is only one-sixth of ETH. In the current situation where all coins are falling, Sol is slowly gaining strength. So when buying, you should buy undervalued assets and short those overvalued coins. Short-term fluctuations may be relatively random, but in the long run, prices will gradually revert to fundamentals.

Now back to the present, the crypto world is still in a large consolidation range, and currently, profits are relying on shorting the fluctuations. We added another BTC yesterday, as you saw, it was very good, operating every day~