AllianceDAO: A number of smart traders have turned bearish, and the overall sentiment in the crypto market has become cautious

QwQiao, co-founder of AllianceDAO, said in a post that most experienced traders and long-term investors have turned bearish on different cycles, and the overall sentiment of the crypto market has obviously become cautious. QwQiao said that he has been cautious about the market trend since mid-September. Although he is still optimistic about the development of the industry for a long time, he believes that it is more rational to reduce his position moderately when multiple signals converge. He pointed out that the market may be in a stage of structural differentiation recently: AI concept stocks continue to rise, while other assets, including crypto assets, are under continuous pressure.