模糊了CEX和DEX之间的线

尽管Binance Alpha 2.0在本月18日上线，但我没有立即更新我的经验，因为我对交易Memecoins毫无兴趣

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Source: Talking About Li and Outside

资料来源：谈论李和外部

Although Binance Alpha 2.0 went live on the 18th of this month, I didn't update my experience right away because I have had no interest in trading MemeCoins recently. However, a couple of days ago (March 24), after updating the app, I casually bought a small amount of a coin in the Alpha zone to try it out, and the operation was indeed very smooth, essentially allowing direct purchase of DEX tokens within Binance (CEX).

尽管Binance Alpha 2.0在本月18日上线，但我没有立即更新自己的经验，因为我最近对交易Memecoins毫无兴趣。但是，几天前（3月24日），在更新了该应用程序后，我随随便便购买了Alpha区域的少量硬币来尝试一下，并且该操作确实非常平稳，从根本上允许在Binance（CEX）内直接购买Dex令牌。

Perhaps because the operation was too smooth, the coin I bought lost almost 30% in less than a day, but since it was a small test, I won't take this loss seriously. What I mainly want to say here is that from a developmental perspective, Binance Alpha seems to completely blur the lines between CEX and DEX, while also allowing some on-chain tokens to directly gain liquidity from Binance, enabling ordinary users (newbies) to easily acquire some on-chain assets without having to consider slippage, GAS, bridging, and other issues. This is indeed a form of progress.

也许是因为操作太光滑了，所以我购买的硬币在不到一天的时间内损失了近30％，但是由于这是一个小测试，我不会认真对待这种损失。我主要想在这里说的是，从发展的角度来看，Binance Alpha似乎完全模糊了CEX和DEX之间的界限，同时还允许一些链子代币直接从施用中获得流动性，使普通用户（Newbies）能够轻松地获得一些链子，而无需考虑打滑，气体，总体级别，大事和其他问题。这确实是一种进步形式。

1. The Turning Point in the CEX and DEX War

1。在CEX和DEX战争中的转折点

Since the launch of Binance Alpha 2.0, which has only been about a week, its trading volume has approached 94,900 transactions, with a trading volume exceeding $113 million. In the current overall gloomy market sentiment, it can be said that it has performed quite well, as shown in the figure below.

自Binance Alpha 2.0推出以来，它的交易量已接近94,900件交易，交易量超过1.13亿美元。在当前的整体阴暗市场情绪中，可以说它的性能很好，如下图所示。

Many people were previously discussing the future war between CEX and DEX, but from this, we can easily foresee that perhaps in the future, there will no longer be a so-called competition between CEX and DEX, but rather, whoever can seamlessly integrate the two will become the ultimate winner.

以前，许多人在讨论了CEX和DEX之间的未来战争，但是从中，我们可以轻松预见的是，也许将来，CEX和DEX之间将不再有所谓的竞争，而是可以无缝整合两者的人将成为最终的赢家。

Of course, we are only looking at the issue from a developmental perspective. If you look at it solely from the current liquidity perspective, you could also argue that Binance is just thinking of ways to squeeze the market dry.

当然，我们只是从发展的角度看这个问题。如果您仅从当前的流动性角度来看它，您也可能会说，binance只是在考虑挤压市场干燥的方法。

2. Market Uncertainty and Opportunities

2。市场不确定性和机会

As we mentioned in the previous article (March 24), apart from the hot topics created by CZ (MemeCoins, wallet new listing activities) that some people are actively participating in, it seems that the market has fallen into a kind of persistent silence, as everyone seems to be waiting for a bigger black swan or a more significant positive news (such as a Federal Reserve rate cut, changes in Trump's tariff policy, etc.).

正如我们在上一篇文章（3月24日）中提到的那样，除了CZ（Memecoins，Wallet，新清单活动）创建的热门话题外，某些人正在积极参与，看来市场已经陷入了一种持久的寂静，因为每个人似乎都在等待更大的黑雪或更大的积极新闻（例如，美联储削减了较大的积极新闻）（例如，王室储备率削减了王室的政策，都会改变特朗普的政策等）。

However, at the same time, there is an interesting point that many projects (token prices) have actually been slowly rising since around March 15. We can easily see this by looking at the corresponding daily trends. For example, Pendle, which I am following, has risen about 50% in the past two weeks (from $1.9 to $2.9), but not many people are discussing it.

但是，与此同时，有一个有趣的观点是，自3月15日左右以来，许多项目（代币价格）实际上一直在缓慢上涨。我们可以通过查看相应的日常趋势来轻松地看到这一点。例如，我遵循的彭德尔（Pendle）在过去两个星期（从1.9美元到2.9美元）上升了约50％，但没有多少人在讨论它。

A few days ago, while browsing group messages, I also noticed someone mentioned this issue, saying: "I found that the bottoms of altcoins are rising again." As shown in the figure below.

几天前，在浏览组消息的同时，我还注意到有人提到了这个问题，说：“我发现Altcoins的底部再次上升。”如下图所示。

Of course, what I want to express here is not that a big wave is coming back or that the so-called altcoin season is approaching. Discussing whether a bull market or altcoin season is coming will often lead to criticism and could be misleading. What I mainly want to convey is a thought process: if you are still paying attention to this market, then whether in the short term, medium term, or long term, you need to find your own perspective to conduct necessary in-depth understanding. This way, you will have a greater chance of discovering potential opportunities that others might miss, and such opportunities often arise when most people are pessimistic or desperate. Conversely, when most people can see opportunities, or when everyone is vying for such opportunities, you should consider exiting.

当然，我想在这里表达的不是大浪回来，或者所谓的山寨币季节正在临近。讨论牛市还是山寨币季节来的到来，通常会引起批评，并可能产生误导。我主要想传达的是一个思考过程：如果您仍在关注这个市场，那么无论在短期，中期还是长期内，您都需要找到自己的观点，以进行必要的深入理解。这样，您将有更大的机会发现别人可能会错过的潜在机会，而当大多数人感到悲观或绝望时，这种机会经常出现。相反，当大多数人都能看到机会，或者每个人争夺此类机会时，您应该考虑退出。

Let me give you another simple example. For instance, you can recall or look at your study notes or trading notes. What were you doing in September last year (2024)? What different aspects of the market were you paying attention to? What specific actions did you take at that time?

让我给你另一个简单的例子。例如，您可以回忆或查看学习笔记或交易笔记。去年9月（2024年），您在做什么？您关注市场的哪些不同方面？您当时采取了什么具体的行动？

If you can't remember anything, it might be worth reviewing our series of articles from the same period last year and reading them again. You might gain some new insights. As shown in the figure below.

如果您不记得了任何事情，那么去年可能值得回顾我们同期的一系列文章并再次阅读它们。您可能会获得一些新的见解。如下图所示。

In summary, it is still the viewpoint from our previous articles: there will always be various opportunities in this market. We shouldn't get too caught up in the so-called bull or bear markets. A bull market does not mean you will definitely make money, and a bear market does not mean you will definitely lose money. The market essentially consists of three structures (upward, downward, sideways). We just need to align with our risk preferences, grasp the rhythm of different periods, and find our own opportunities.

总而言之，这仍然是我们以前文章的观点：这个市场总是会有各种机会。我们不应该在所谓的牛市或熊市中陷入太多。牛市并不意味着您一定会赚钱，熊市并不意味着您一定会亏钱。市场基本上由三个结构（向上，向下，侧面）组成。我们只需要与我们的风险偏好保持一致，掌握不同时期的节奏，并找到自己的机会。

Every investor hopes to make money, but

每个投资者都希望赚钱，但是