This morning, a fan asked if it's possible to short API3? The trends of mainstream and altcoins need to follow the rhythm of the external macro environment.

On Friday, Powell's speech at Jackson Hole was critical for most. The market's expectation for a rate cut in September has cooled, and amidst the overall pullback in the US stock market and cryptocurrency market, it is difficult for altcoins that surge to stand out on their own. Coupled with the uncertainty of US-Russia-Ukraine negotiations, once market risk sentiment tightens, the volatility of these altcoins may become more pronounced.

From its own perspective, API3's recent performance has been average, with no particularly outstanding positive support. In the current environment of overall tight capital, with many tokens being unlocked, its short-term liquidity will also be affected. After all, when the overall capital environment is tight, funds often flow from these relatively niche coins to more stable mainstream coins.

If Powell's speech leans towards easing, and market sentiment warms up, most will rebound in line with the overall market's rhythm; however, if he continues to emphasize anti-inflation measures and the market remains volatile, altcoins will likely also fluctuate, and may even perform weaker due to the lack of strong support.

Therefore, when looking at API3, there's no need to overthink it; just keep a close eye on Powell's statements and the overall market sentiment. Recently, short-term operations should be more cautious, avoid blindly chasing highs, and it’s not too late to act once sentiment stabilizes and clear signals emerge.

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