比特币是这个市场上更安全，更聪明的赌注

在过去10天左右的疲惫之中，可以理解的是，许多最活跃的加密货币市场参与者的情绪如何

After a whirlwind 10 days of meme coin pumps, dramatic price swings, and sentiment whiplash, it’s easy to see why most crypto market participants are feeling exhausted. Coming off of this and gauging sentiment from many of the most active crypto market participants (as gauged through Crypto Twitter, the beating heart of the industry), it seems that many are more bearish than bullish. This is understandable given the recent price action, but I believe it’s the wrong take.

经过旋风10天的模因泵，戏剧性的价格波动和情绪鞭打之后，很容易看出为什么大多数加密市场参与者感到精疲力尽。从此开始，并衡量了许多最活跃的加密货币市场参与者（通过Crypto Twitter（行业跳动的心脏）进行了评估），看来许多人比看跌比看跌。考虑到最近的价格行动，这是可以理解的，但我认为这是错误的。

I felt this was true, but it’s reassuring when crypto OG’s like DonAlt post about it, reminding people of the evergreen advice of zooming out.

我觉得这是真的，但是当Crypto Og像Donalt Post一样，令人放心，这使人们想起了常绿的缩小建议。

That is a good looking chart.

那是一个好看的图表。

On this week’s Token Narratives, Graham also reminded everyone that the preponderance of crypto news is bullish. The SEC repealed SAB 121, opening up the ability for traditional financial institutions to custody cryptoassets which will incentivize them to offer crypto services to their customers. Deepseek triggered U.S. stock markets to sell off sharply, but bitcoin held up very well. From a low of around $98,000 on Monday, bitcoin is back up to $104,500 as of this writing. It’s like the move down never happened.

在本周的代币叙事中，格雷厄姆还提醒所有人，加密新闻的优势是看涨的。 SEC废除了SAB 121，开辟了传统金融机构的监护权加密货物的能力，这将激励他们为客户提供加密服务。 DeepSeek触发了美国股票市场急剧出售，但比特币保持良好状态。截至撰写本文时，比特币从周一的低至98,000美元的低点回到了104,500美元。就像下降从未发生过。

Donald Trump’s media company, Trump Media, is launching Truth.fi with up to “$250 million for investments in bitcoin, other cryptocurrencies, crypto-related securities, ETFs, and industries supporting U.S. economic growth.” Even if you’re not bullish, it’d be unwise to short the sitting president of the United States’ asset positions!

唐纳德·特朗普（Donald Trump）的媒体公司特朗普媒体（Trump Media）正在推出Truth.fi，“ FI，“ 2.5亿美元用于对比特币，其他加密货币，与加密相关的证券，ETF和工业的投资，支持美国经济增长”。即使您不是看好的，也不愿意担任美国资产头寸的现任总统！

Those wishing a reprieve from meme coin mania after Trump and Melania coin madness last week, were disappointed. A new meme coin meta started based off of Silicon Valley founders launching coins tenuously connected to companies they started. VINE, launched via Pump.fun on Jan 23 by co-founder Rus Yusupov, touched a $500 million market cap on the first day, and appears to already be down only as of Jan 31. On Jan 30, the co-founder of Venmo, Iqram Magdon-Ismail, launched a memecoin called JELLYJELLY, which touched $250 million market cap on the first day. It’s been down only since then. I’d bet this is a passing fad that no one will be talking about in 2 to 4 weeks.

那些希望在上周特朗普和梅拉尼亚硬币疯狂之后受到模因硬币躁狂症的缓刑的人感到失望。一个新的模因硬币元基于硅谷创始人的创始人开始，该硬币与他们创办的公司紧密相连。 Vine于1月23日由联合创始人Rus Yusupov于1月23日通过Pump.Fun推出，在第一天达到了5亿美元的市值，并且似乎已经截至1月31日。 ，Iqram Magdon-Ismail推出了一个名为Jellyjelly的Memecoin，在第一天达到了2.5亿美元的市值。从那时起就一直倒闭。我敢打赌，这是一种传递的时尚，在2到4周内没人会谈论。

This kind of hyper fast meme coin meta where a coin is pumped to dizzying heights in a matter of hours before tanking into oblivion is an exhausting environment to operate. At the very least, even if you choose not to participate, you must fight the FOMO urge while social media is inundated with overnight rags to riches stories.

这种超级快速的模因硬币元元，在几个小时内将硬币泵送到令人眼花hight乱的高度，然后才能运行疲惫的环境。至少，即使您选择不参加，您也必须与Fomo的冲动作斗争，而社交媒体被一夜之间淹没在富裕的故事中。

If you do partake, it requires shunning the rest of your life to stay online, constantly checking Discord, Telegram, and X for the latest info. Any gleaned info must be rigorously checked for rug potential, but too much time cannot be spent lest your time-edge wastes away. Assuming you catch an earlier winner, you have the agonizing task of deciding when to exit. I feel stressed just writing this out.

如果您参与其中，则需要避开余生才能保持在线，不断检查Discord，Telegram和X以获取最新信息。任何收集的信息都必须严格检查地毯潜力，但不能花费太多时间，以免您的时间到处浪费。假设您抓住了较早的赢家，则必须决定何时退出。我感到压力很大。

For people who wish to avoid this, or cannot make such commitments (basically anyone who is not a Zoomer), I’d stay clear of what meme coins are turning into. Bitcoin is a set-and-forget trade that lets you get exposure to this burgeoning industry but without all the unhealthy head and heartaches. Hodl and touch grass. Lovely!

对于希望避免这种情况或不能做出这样的承诺的人（基本上是任何不是放大器的人），我会避免避免使用Meme Coins变成什么。比特币是一种设定的贸易，使您可以接触到这个新兴的行业，但没有所有不健康的头和心痛。 hodl并触摸草。迷人的！