2026-01-10 14:30:14

The market is always like this. The more panicked people are, the more you can see who truly understands investing. $ZEC, $ZEN, and $ZK haven't been hot recently, but those who pay close attention to the charts have already taken action.

An interesting phenomenon in a bear market is that most people are cutting losses, while a few are quietly accumulating chips. The so-called "smart money" has long been in motion, with a clear stance of eating up at low prices. On-chain data shows that whale addresses holding these projects are quietly increasing their positions.

To be honest, when public figures like Trump participate in the crypto ecosystem, the narrative effect is significant. Top IP + strong narrative combination, and looking at the market cap potential, stories of hundredfold growth have indeed existed. The only question is whether you dare to act while others are still watching.

Investing has always rewarded those who make anti-human decisions. Choosing to hold when everyone is panicking, and deploying when market sentiment is at its coldest—this is the core logic of cyclical investing. Every penny invested in a bear market could become the next round of wealth chips—provided you can endure through this process.

ZEC1,67%

ZK6,6%

TRUMP1,15%

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RiddleMaster

· 4h ago

Whales are eating, retail investors are fleeing, the story is so cliché. Those who truly make money in a bear market never publish articles claiming they are positioning themselves. Counter-human decision-making? That's funny. Most anti-human decisions have led straight to hell. We've heard too many narratives about these invisible billionaires. Let's see how many of them actually make it to the next round. Bottom-fishing gourmets? On-chain data doesn't lie, but there are too many people who can lie.

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DaoGovernanceOfficer

· 13h ago

empirically speaking, the whale accumulation thesis you're citing here lacks actual on-chain verification methodology. where's the rigor? which data provider? which time window? claiming "聪明钱 already moved" without specifying the metrics is just narratives masquerading as evidence tbh

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retroactive_airdrop

· 01-12 03:02

There are plenty of people cutting losses in a bear market, but few truly dare to pile up chips at low levels. That’s why wealth always remains in the hands of the few. That said, how many can really endure this period of torment? Projects like ZEC may not have much buzz, but on-chain data speaks volumes. Whale addresses quietly accumulating—what does that indicate? The most difficult anti-human decision is the psychological barrier. It’s easy to say you can hold when others are cutting losses, but actually doing it is another story. Trump’s hype definitely added some narrative, but after hearing countless stories of 100x returns, in the end, it still depends on whether you can survive until that day. The low-level buyers are clearly visible, but the question is, who really knows where the bottom is? Ultimately, it still comes down to who can endure. In a bear market, the money being spent—whether it’s the future’s gold mine or total loss—no one can guarantee.

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ColdWalletGuardian

· 01-10 14:58

That's true, but only a few can really do it. Most people just talk against human nature but end up cutting their losses. The whales are eating, and I am eating too. It all depends on who can hold out longer. I'm a bit skeptical about how long this Trump effect can be hypeed up. The biggest test in a bear market is actually mindset; money is secondary. Accumulating at low levels is correct, but you also need to choose the right projects.

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DaoResearcher

· 01-10 14:48

Based on on-chain data and the historical records of governance proposals, the hypothesis of this "smart money" is actually full of flaws; the key issue is the incentive incompatibility problem. To be honest, most people haven't even read the whitepapers on the token economics of these projects, and are just stacking chips based on intuition. It's worth noting that an increase in whale addresses doesn't necessarily mean confidence; it could just be capital reallocation. Counterintuitive decisions in a bear market? Quoting Vitalik's perspective, this kind of rhetoric ignores the complexity of market microstructure. The problem isn't about daring or not; it's whether your risk model can withstand scrutiny. $ZEC's privacy mechanism design is indeed interesting, but looking at governance voting data, community consensus is far from strong. This low level of activity precisely indicates that the market pricing has already fully reflected the risk premium. Don't be brainwashed by narratives; stories of 100x returns are always being told, but the limitations of Token Weighted Voting mean most scattered investors simply can't keep up. First, understand the economic model thoroughly.

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GasFeeSobber

· 01-10 14:46

The bear market selling is all about giving us a chance to bottom out; the whales have long been eating their fill, brother. I knew it earlier, but I don't have any bullets in hand, so I just watch. Let's wait and see. ZK stuff is really quiet, but on-chain data doesn't lie. Counter-humanity decisions, very well said, but the problem is I am that very human. I've heard the hundredfold stories too many times; it all depends on who has a longer life. The chips accumulated during the bear market will eventually turn into poetry and distant dreams in the next cycle. Whales are stacking up, I am just dazing, that gap. More people can't get through it, but those who survive make a fortune. To be honest, Trump's interference indeed gave room for narrative. Between waiting and taking action, there's a account balance.

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LightningPacketLoss

· 01-10 14:40

That's right, it's all about who can hold their ground at the floor price. Whales are eating, retail investors are still questioning life—how did this gap come about? A bear market is a training ground for the chosen ones; if you can't endure, just exit. Few people can truly stay calm when it comes to buying the dip. A hundredfold stories always exist, but most people don't have the mental resilience for it. If you don't dare to swing, don't regret others' gains.

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SingleForYears

· 01-10 14:39

It sounds good, but how many people can really bottom out in a bear market? Most will still cut their losses in panic. Whales have long been lurking, while retail investors are still hesitating—that's the gap. Anyone can tell a hundredfold story, but the key is whether your psychological resilience is strong enough to withstand the mid-term decline. ZEC, ZEN, ZK indeed lack popularity, but things that are not hot often have interesting aspects. The question is whether you're brave enough to get on board. Counter-human decision-making is easy to talk about, but I’ve only seen a few who can hold on when their holdings are halved. No matter how strong the narrative, it must be supported by fundamentals; otherwise, it’s just a story of a bag-holder. The biggest test in a bear market is mindset, not technical analysis, to be honest. People accumulating chips won't be speaking on forums; they are working behind the scenes.

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OnchainArchaeologist

· 01-10 14:33

A bear market is a test of character; those who cut losses will never earn the smart money. Whales are moving, and you're still watching? In simple terms—it's all about courage. Projects that nobody pays attention to at low levels often hide the next round of huge profits. If you're still hesitating now, you'll only watch others get on board in the next bull market. On-chain data speaks for itself; don't just listen to stories. Making big money by going against human nature is that straightforward and brutal.

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