In the past 30 days, the demand from retail investors for Bitcoin on-chain transactions not exceeding $100,000 has decreased by about 2.45%, indicating that small investors have not yet reached a frenzy in the current market, and there are still no structural characteristics of a frenzied market.

In plain terms, it means that the aunties haven't entered the market yet, and you're telling me it's at the top?

If I have to give a concept to FOM,

it would be the frenzy of the big A during last year's National Day.

Just look at the level of enthusiasm back then; that was what it looked like at the top.