【We are in a 'narrative stagnation' period, don't be misled by short-term Token trends】

The entire Crypto market has entered a Narrative stagnation period, Token prices are moving, but the narrative intensity and capital willingness are seriously diverging:

📌 Observation dimensions:

ZK narrative intensity is declining, but ZK Token is rising;

DePIN protocol popularity is exploding, but VC basically isn't investing;

Restaking topic is hot, but lacks sustained Token inflow.

📊 What does this indicate?

We are entering a 'narrative inertia market' — prices are still moving, but the story has already been told.

🧠 Deep logic:

Token price movement is because secondary funds cannot find new directions and can only bet on old logic retracements. This is not trend reinforcement, but rather the tail end of liquidity inertia impact.

📍 Conclusion:

When you see a certain sector 'hot topic but capital isn't chasing, flat data but Token is rising', don’t think you’ve caught alpha, in fact, you are already picking up chips at a high position.