Trump supports crypto? If this had happened two years ago, the crypto community would have celebrated with fireworks for three days and nights.

But now I’m staring at my phone screen, honestly feeling a bit anxious.

It’s not that I’m not optimistic, it’s just that this round of political moves is happening too quickly. Earlier, people were saying whoever wins the election would be a bearish signal, and now the candidates are openly calling for deregulation, turning crypto into a must-answer question for swing state voters.

$HIGH This wave didn’t move much, but the overall market sentiment is clearly changing — funds aren’t flowing in, but more people are standing around the poker table.

I remember back then, as soon as the words “policy” or “regulation” appeared, there would be a spike in contract trading. Long and short positions would clash, and without some protection, you couldn’t withstand it.

Now the trend has shifted, making people even more hesitant to chase. Looking at the election cycle, it seems positive on the surface, but in reality, it’s the greatest uncertainty — who will take office, how it will be implemented, whether the CFTC will allow certain activities — nothing is certain.

My current stance is: not fully in, not completely out. I hold some core positions, but leverage is very low. The market sense tells me this wave of sentiment can last a few more days, but don’t get overexposed.

If it breaks a key level, I’ll admit defeat, no need to pretend to be a teacher.

Back to the on-chain stuff.

These days, the prediction market is being squeezed from three sides — federal judges are fighting against the CFTC, state governments are simultaneously suing Polymarket and Kalshi, and even CME is planning to sue the CFTC, claiming perpetual contracts are swaps.

In plain language, the entire regulatory framework is being redrawn. The legal battles over on-chain prediction markets will suppress capital inflows in the short term, but in the long run, they will clarify the boundaries.

Once this line is drawn, platforms like $HIGH that focus on on-chain prediction markets will likely face a wave of liquidation sentiment first, and then big funds will dare to enter.

How long do you think this political move can last? Drop your thoughts in the comments. I want to see if anyone else is waiting for a pullback to jump in.
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