QwQiao, co-founder of the Alliance DAO, recently expressed concerns about the future direction of the crypto market in a social media post. He observed that many seasoned investors and traders harbor pessimistic views, which have intensified since mid-September. This pessimism has been present across different timeframes. Despite holding a long-term optimistic perspective on the industry, QwQiao admitted to feeling uneasy about the current state of the market due to several factors. While he typically remains positive about crypto’s potential for growth, QwQiao recognizes that when multiple challenging conditions come together, it is prudent to adjust some investment positions accordingly.