Market showing signs of fatigue, but not completely extinguished:
1. Funds are wandering, each fighting their own battle
- BSC Meme surges, while SOL Meme cools down
- Certain coins in the BTC ecosystem soar, but overall market value declines
- Volatility has dropped to low levels, with BTC annualized at only 35%
2. Plenty of money but afraid to act
- USDT market cap at an all-time high, but large transfers down by 40%
- Funds piled up in exchanges, but contract positions shrink by 25%
- Greed index stuck around 50, lacking passion
3. Short-lived narratives, quick in and out
- New hot topics' lifespan shrinks from 21 days to 9 days
- AI coins spike with GitHub updates, but no one holds long
- Positive reactions last only 6-8 hours, then return to zero
Current situation summary:
- Holding coins gets shaken, traders get cut
- Smart money diversifies bets, avoiding one-sided gambles
- "The market is like a drugged leopard—able to run, but too lazy to move"
