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Co-founder Chris Burniske stated that long-term investors should not repeatedly struggle with entering or exiting the market, but should systematically accumulate tokens over time, and not confuse long-term investing with short-term trading. He suggested using his most successful investment targets as a reference, calculating target holdings based on the total supply of network tokens.He gave an example that the total supply of ETH is about 120 million tokens. If one previously held 10 ETH, based on the network holding ratio, the total supply of SOL is about 636 million tokens, corresponding to about 53 tokens; the total supply of TIA is about 1.16 billion tokens, corresponding to about 97 tokens. If one wishes for the TIA network share to reach 10 times the original ETH holding share, approximately 970 TIA would be needed. For ZEC, since its supply is similar to BTC, the ideal BTC holding quantity can be used as a reference for accumulation targets.Regarding the current market, he noted that many crypto assets have fallen 20% to over 40% from their highs, while BTC has dropped less than 10%. He is more inclined to believe that BTC's previous relative resilience has led to significant adjustments in assets with lower risk appetite, making the current situation more like an opportunity in the early stages of a bull market rather than a warning signal of a bull market trap. He also reminded that one should consider the possibility of further price declines, suggesting to invest remaining cash in batches and determine the investment ratio based on the probability of local bottoms at different price levels; even if some preset price levels are not reached and cash remains, it can still be acceptable.

Placeholder partner Chris Burniske tweeted that holding cash at this stage has a very high opportunity cost, and mentioned that he has recently been gradually building positions. He also pointed out that multiple factors are converging around October, believing that this timing is "not to be ignored." Burniske did not specify any particular investment targets.Previously, Chris Burniske had stated in a post last October that after the recent crash in the crypto market, sustained buying pressure is unlikely in the short term, and if BTC falls to $75,000 or below, he may consider buying again.

Former Ark Invest crypto head and current Placeholder VC partner Chris Burniske said: "I haven't started buying yet, but if I were a buyer, I think the key price levels for BTC to focus on include:About $80,000: The low in November 2025, which is also a local low in this bear market;About $74,000: The low in April 2025, during the tariff panic, slightly below MSTR's cost basis (around $76,000);About $70,000: The upper end of the $50,000 to $70,000 range, close to the peak of the 2021 bull market;About $58,000: The position of the 200-week moving average, which is also the on-chain cost range (realized value around $56,000);$50,000 and below: The lower end of the weekly range, which has strong psychological significance; if this level is broken, the market may again hear claims that Bitcoin is dead.Importantly, I don't care how the market moves in the short term. If the price continues to rebound from the current position, I will hold my existing positions and gradually diversify; if the market drops significantly, I will choose to continue to accumulate BTC and some selected crypto assets."

Placeholder partner Chris Burniske posted on the X platform stating that he is currently not a buyer, but believes that the key Bitcoin price levels worth watching include: 1. Approximately $80,000: This is the low point in November 2025, a local low in this round of "bear market." 2. Approximately $74,000: This is the low point in April 2025, also the low point of the "tariff panic," slightly below the cost basis of Strategy (around $76,000). 3. Approximately $70,000: The top of the $50,000-$70,000 range is roughly close to the high point of 2021. 4. Approximately $58,000: This is the 200-week simple moving average (SMA) and on-chain cost basis. 5. Approximately $50,000 and below: This is a psychological bottom price level, below which the narrative of "BTC is dead" will resurface.Chris Burniske stated that if the market rebounds from the current position, he will continue to hold existing assets and diversify his portfolio; if the market declines, he will purchase more Bitcoin and specific crypto assets.

Placeholder partner Chris Burniske posted on the X platform stating that he is currently not a buyer, but believes that key Bitcoin price levels worth noting include: 1. Approximately $80,000: This is the low point in November 2025, a local low in this round of "bear market." 2. Approximately $74,000: This is the low point in April 2025, also the low of the "tariff panic," slightly below the cost basis of Strategy (around $76,000). 3. Approximately $70,000: The top of the $50,000-$70,000 range is roughly close to the high point of 2021. 4. Approximately $58,000: This is the 200-week simple moving average (SMA) and on-chain cost basis. 5. Approximately $50,000 and below: This is a psychological bottom price level, below which the narrative of "BTC is dead" will resurface.Chris Burniske stated that if the market rebounds from the current position, he will continue to hold existing assets and diversify his portfolio; if the market declines, he will purchase more Bitcoin and specific crypto assets.

Former Ark Invest crypto head and current Placeholder VC partner Chris Burniske posted on social media that the cryptocurrency market seems ready for a rebound, enough to make people bullish again, before the next round of a downturn.

Former Ark Invest crypto head and current Placeholder VC partner Chris Burniske recently stated that although this crypto cycle is disappointing, core assets like Bitcoin (BTC) and Ethereum (ETH) remain within historical high ranges. Investors should be wary of short-term pullback risks while maintaining long-term allocations.Burniske pointed out that the crash on October 11 has caused a lasting impact on the market, making it difficult to quickly establish sustained buying pressure. The monthly charts for BTC and ETH show cracks but still remain in the "top range." Additionally, the decline in MicroStrategy (MSTR) stock price and frequent warning signals from the gold and credit markets suggest that a broader asset adjustment is imminent. "This bull market is different, and the next bear market will be different as well," Burniske wrote. He has adjusted his positions accordingly and plans to re-enter when BTC falls to $75,000 or lower, but emphasized that this is "definitely not an all-in or all-out" gradual strategy.In his portfolio disclosure, Burniske revealed that approximately 39% of his personal holdings are in "free cash" (money market funds), while 61% are in long-term capital, including non-crypto assets. This reflects his belief in the nature of capitalism: "Capitalism aims to grow capital, so maintaining allocations is always the wisest choice." He warned that private market valuations are nearing the cycle's peak, and if BTC continues to decline, no crypto asset will be able to stand alone.At the same time, he cited historical lessons, such as gold soaring before the crashes in 2000 and 2008, reminding investors to avoid blindly chasing "escape pods" when all assets are overvalued. Looking ahead, Burniske is cautiously optimistic about a liquidity resurgence, believing it will arrive late and be less stimulative than in 2021, potentially leading to a shift towards "four-year fundamentalism." He observed that characteristics of a bull market peak are already evident: positive news (such as developments related to Robinhood) no longer triggers rebounds, while a bear market bottom requires bad news to lose its effect. He calls for investors to be patient and resilient, especially in the AI and crypto sectors.

ChainCatcher news, former Ark Invest crypto head and current Placeholder VC partner Chris Burniske stated, "I increasingly feel that last Friday's crash has put the crypto market in a standstill in the short term. After such a collapse, it’s hard to quickly form sustained buying pressure. This cycle has been disappointing for most, which may limit action as everyone is waiting for the market to warm up or return to previous historical highs. It’s easy to get caught up in the minutiae of charts, but if you look at the monthly charts of BTC and ETH, they show that we are still in a high range (though there are already cracks), if you are considering taking profits. MSTR is declining, gold is sending warnings, and the credit market is too, while stocks will be the last to react. We can always expect a weak rebound, but I have taken action (remember, cashing out is never all or nothing). I will observe BTC's reaction to $100,000, but when BTC reaches $75,000 or lower, I might be interested in the market again. This bull market is different from the past, and the next bear market will be different as well."

ChainCatcher message, according to social media, Placeholder partner Chris Burniske stated, "The upward trend of the ETH/BTC exchange rate does not seem to be stopping."

ChainCatcher message, Placeholder partner Chris Burniske posted on the X platform, "Don't mistake a small pullback for the end of the market; the overall risk/reward structure remains favorable."

ChainCatcher news, Placeholder partner Chris Burniske stated that among all crypto assets, the "GENIUS Act" may be most beneficial for Ethereum (ETH), mainly due to its strong stablecoin foundation, robust DeFi infrastructure, and long-established institutional relationships. Analysts believe Solana (SOL) will follow closely behind, while TRON (TRX) may become the overlooked "dark horse" in the market.

ChainCatcher message, Placeholder partner Chris Burniske posted on social media, "Personally, I still hold ETH at an all-time high level."

ChainCatcher news, Placeholder partner Chris Burniske posted on social media, "If we lose this level, the next Bitcoin support to watch is $70,000, where there is significant support, located at the peak of the 2021 cycle and the range highs from March to October 2024. People will inevitably become greedy, predicting prices will drop lower than they actually do, so I prefer to enter in batches at reasonable entry points."

ChainCatcher news, Placeholder partner Chris Burniske tweeted that the current market sentiment is low, and many people are choosing to sell at the lows, but he believes this is an opportunity rather than an endpoint. He thinks that this may just be a pullback in the bull market, not the peak of this bull run. Even if Bitcoin may still drop a bit, selling now might not be a good choice, as it could lead to missing out on subsequent rises.He advises investors to stay calm; if they don't know what to do, they can choose not to look at price fluctuations. If they still have funds, they might consider buying in batches when the market looks very attractive or when sentiment is at its most pessimistic. He reminds them not to trust those who "always trade perfectly," as holding onto promising assets for the long term is key.Burniske also mentioned that the speed of price fluctuations in Bitcoin and crypto assets is the fastest in financial markets. If the stock market experiences greater volatility, policies may intervene, and the crypto market will respond most sensitively to this. He encourages investors not to miss opportunities due to fear or frequent trading and is confident about the future of the blockchain industry, believing that institutional entry and technological applications are accelerating.

ChainCatcher news, Placeholder partner Chris Burniske posted on social media that the pullback in this bull market is indeed different from previous ones. BTC has hardly dropped and may drop even more, while many altcoins are in deep trouble, with prices returning to bear market lows. But pain will trigger problems, and difficult problems will bring good answers and changes.It is expected that many altcoins with "protocol profitability" will begin to seek token buyback programs or other ways to return these funds to holders, as a resistance and distinction against Meme coins.

ChainCatcher news, Placeholder partner Chris Burniske posted on X stating, "I don't think the cycle has peaked; it feels more like a mid-bull market pullback, with a decline large enough to make everyone question their lives."It's similar to the situation in April, May, and June of 2021, when various tokens saw declines between 50%-80%. Many people said the bull market was over, and those calling for a peak were quite pleased, but then the market experienced a surge in the second half of 2021.

ChainCatcher message, Placeholder partner Chris Burniske posted on X: "Private stablecoin trading will unlock a new level of the game. If you want a less sexy full description, you could call it 'private, low-cost, legal.' But in any case, this already has everything a good, private stablecoin trade should have."

ChainCatcher news, Placeholder partner Chris Burniske posted on X, stating that all the favorable factors anticipated after the U.S. elections will still apply in 2025, urging investors to remain calm and not to waver.

ChainCatcher message, Placeholder partner Chris Burniske posted on social media that Bitcoin, Ethereum, and Solana have shown strong performance across various time periods and are expected to soon welcome a new round of increases. He also noted that the active performance of Meme coins in recent weeks, similar to the previous bull market, has become an important indicator of increased market risk appetite.