February 23, 2026

Tomorrow marks the official start of work on the eighth day of the Lunar New Year. Starting today, I will resume my regular daily updates. First, I want to apologize. During this year's Spring Festival holiday, I attended many banquets and events back home. Plus, the market itself didn't have significant fluctuations, so I didn't say much. Today, the market suddenly dipped a bit, breaking the sideways trend from the Spring Festival. The most likely reason is related to Wu Jihan's liquidation; his mining group sold all their holdings of Bitcoin, and he stated he would maintain a zero position. The influence of this mining mogul's opinion still impacts the market.
However, in subsequent public statements, he explained that he sold Bitcoin to ensure certain cash flow because he is planning to buy land. This makes Wu Jihan's publicly stated bearish view on Bitcoin hard to believe, because if he's buying land, it's likely to expand his mining operations. Only if he remains optimistic about Bitcoin's price would he dare to expand, since if Bitcoin were to crash sharply, falling below the costs of various mining machines, miners would be forced to sell quickly. As for whether he's trying to push BCH? If BTC loses momentum, can BCH still maintain a strong independent trend?
As prices decline, the long-term market sentiment remains subdued, gradually challenging everyone's psychological threshold. Some are beginning to doubt whether project tokens are worth holding, and even some are starting to worry about the future of the crypto space. Although this is a necessary phase in every bear market, I want to remind everyone again: there's no need to worry about the future of the crypto world. Even big players like Wu Jihan haven't announced quitting the scene—in fact, they are trying to expand. What is there to be afraid of?