It seems that there is no need to say 'since mid April, this wave of upward trend is approaching its end, and it has gone even further'. A few days ago, we talked about the US stock market here. Currently, the stablecoin sector is strong, while other sectors have shown signs of decline. It is not a good phenomenon for funds to become increasingly concentrated in one sector. When this only sector with narrative strength recedes, it means that the overall trend will recede in the short term.