AllianceDAO co-founder: Several smart traders have turned bearish, and overall sentiment in the crypto market is becoming more cautious

Jinse Finance reported that QwQiao, co-founder of AllianceDAO, stated in a post that most experienced traders and long-term investors have turned bearish across different cycles, and the overall sentiment in the crypto market has become noticeably more cautious. QwQiao mentioned that he has adopted a cautious stance on market trends since mid-September. Although he remains optimistic about the industry's long-term development, he believes that, given the convergence of multiple signals, it is more rational to moderately reduce positions. He pointed out that the market may currently be in a phase of structural divergence: AI concept stocks continue to rise, while other assets, including crypto assets, are under sustained pressure.