#美国核心CPI低于预期 Glassnode has released data on social media indicating that the STH-NUPL metric (which measures the ratio of unrealized gains and losses of new investors to the market value of short-term holders) shows that since November 2025, new investors have consistently been in a net unrealized loss state. For this group to return to a net profit state, it seems that the Bitcoin price needs to rise above approximately $98,000, which appears to be the minimum threshold.
While the entire market's attention is focused on "When can Bitcoin rise back to $98,000 to help new investors break even?", #Max provides a completely different framework of thought: our value creation does not participate in this "turning losses into gains" game.
We can reveal the essential differences between these two paths through a comparison:
"Turning losses into gains" game vs "Creating" game
· Core Goals
· Short-term holder path: Focus on the purchase price, core goal is to "break even" and "recover losses", actions are anchored by price.
· @Max Charity path: Focus on social impact metrics, core goal is to "expand the education network" and "increase the number of children helped", actions are driven by value creation.
· Psychological State
· Short-term holder path: Anxious, passive, held hostage by market sentiment, trapped in waiting and praying.
· Max path: Fulfilled, proactive, possessing a builder's sense of control, every contribution has immediate and positive feedback.
· Time Attributes
· Short-term holder path: "Locked-in time", funds and attention are trapped, wasting away in waiting.
· Max path: #GiggleAcademy "Investing in future time", every minute translates into actual growth in network capability or social capital.
· Final Outcome
· Short-term holder path: Either suffer painful losses or endure a long wait for the market to grant a recovery bounce.
· Max path: $GIGGLE Continuous accumulation. Regardless of market bull or bear, the expansion of offline networks and the accumulation of community reputation never stop, forming a composite value that transcends cycles.
