One careless moment and the day has brightened; today's market hasn't seen much change. What should be stagnant continues to be stagnant, and what should be argued about continues to be argued. Although the U.S. has slightly adjusted downwards, the extent isn't significant, while the cryptocurrency market has seen slightly larger fluctuations. I wonder if this is related to the recent 48-hour Meme trend. Being in the midst of it, I truly experienced the FOMO emotions of users, with people constantly promoting what is good, where the angles are, and how glorious the future will be.

For a moment, I even thought about increasing my position. I've also heard that some friends sold part of their positions to gamble in the Meme market. This market is a magnifier of human nature; if you can't control your emotions, no matter how much you earn, you could easily lose it all back. It's more important to focus on your own expertise and familiar fields, striving to make yourself last longer.

Today, $BNB dropped more than both $BTC and $ETH. I wonder if those making money in the market directly exited in U.S. dollar terms, while other cryptocurrency assets depreciated even more. We've seen this situation before during $Trump's time and also during the inscription phase.

Looking back at Bitcoin's data, the turnover rate has slightly increased but is still within a reasonable range. The main turnover is still provided by short-term investors. However, from the structure of the U.S. stock market, no systemic risks have been identified. It seems to be just the stagnation and interference from other surrounding matters. In simple terms, it’s highly likely that we will see a volatile market ahead, until the stagnation ends or there is a change in new information.

Although prices are fluctuating, the distribution of chips is still very reasonable, with no large-scale panic. In fact, investors above $120,000 are still actively accumulating. For now, the consensus around $120,000 remains quite strong.

This article is sponsored by #Bitget ｜ @Bitget_zh

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