On April 7, Smart Money and Crypto KOL 0xsun.sol (@0xSunNFT) posted on social media, saying, "In the past two months, I have continued to short the counterfeit at low times, and the strategy has gradually changed to diversifying the targets and reducing individual positions. The reason is that the old currency has fallen sharply, and the market value bubble is not obvious after the valuation of the new currency for one round, and it is difficult to continue to fall, and the rebound risk is high; at the same time, more and more funds have shorted, and some dealers have begun to control the market and pull short orders or rely on fees to counterattack, and their short advantage has weakened.

I think the golden period for shorting the counterfeit has passed, and non-familiar players are cautious in participating. Regarding the bottom buying, current macro changes (such as Trump’s tariffs) have caused further declines, but the bottom is still unclear and we need to continue to observe. "