Recently, a notable blockchain wallet address closing event has sparked widespread discussion. This case reveals that the so-called "long term faith" in the crypto assets market may actually be a form of self-deception.

This address purchased 3,750 Ethereum (ETH) at the peak in 2021, only barely reaching the so-called "break-even" level by 2025. However, this is not a victory worth celebrating; rather, it exposes the dangers of a blind holding strategy.

Upon careful analysis of this transaction, we will find that "breaking even" is actually a huge loss. Considering the capital cost over four years (even calculated at an annualized rate of 5%), the real loss far exceeds the surface number. What’s even more regrettable is that if losses had been cut in a timely manner during the bear market of 2022 and re-entered at the lows of 2023, the original loss could have turned into considerable profit.

This case strongly challenges the popular "buy and hold" strategy in the crypto assets market. It shows that stubbornly adhering to the so-called "long term belief" is likely to miss many trading opportunities in the market, ultimately leading to greater losses.

From a broader perspective, this closing all positions event may signal a change in the game rules of the Crypto Assets market:

1. Retail investors need to reassess their investment strategies and should not use "long term" as an excuse to avoid making decisions.

2. Ethereum, as a mainstream public blockchain, may face short-term pressure, but this could also create entry opportunities for savvy investors.

3. The concept of market cycles is evolving, and future investors may be more inclined to adopt a "buy low, sell high + swing trading" strategy, rather than simply holding long term.

This case serves as a wake-up call for all Crypto Assets investors. It reminds us that blind faith in this highly volatile market can lead to disastrous consequences. Instead, a deep understanding of market cycles and the ability to flexibly adjust strategies is key to surviving and profiting in this complex and ever-changing environment.

Every investor should face their investment decisions honestly, reflecting and adjusting in a timely manner, rather than clinging to a belief that may have already become outdated. In the crypto assets market, adaptability is often more important than stubbornness.