Starting today, take more notes on your insights whenever you have time, gradually develop your own trading mindset, and slowly form your market intuition. What you think today may be forgotten next week, so use this platform to post updates and record every piece of information you discover.

October 23, 2025
Today, I looked through the holding addresses of different cryptocurrencies and found that the top holder of ETH and GT accounts for about 60%; for DOGE, WLD, and WLFI, the top holder accounts for 20-30%, while the second and third holders also account for 10-20%; only BTC and ADA have a lower percentage among the top 100 holders. The distribution of holdings for these cryptocurrencies scares me. I wonder how reckless the main players would be in their operations if the news is sufficiently positive or negative. If half of a cryptocurrency's share is controlled by one person or one institution, it's akin to a company's shares, where the major shareholder holds 51% of the shares. They possess absolute decision-making power, and it wouldn't be an exaggeration to call it dictatorship. If you're under their control, aren't you just being manipulated? It's chilling to think about.
From the 21st to the 23rd is the date of the Fourth Plenary Session of the zf, and the policies regarding the 155 plan are yet to be interpreted. The market has been fluctuating within a narrow range these two days. I think everyone is waiting for the policy news to land, so even if the fear index is below 30, the price hasn’t changed much, and the trading volume is neither too much nor too little. The market trend has reached a normal state, but I feel that it still needs a large bullish candle with double volume to activate the market.