Today’s lunch:

Last week should have been the last craziness of Inscription. There have been "callbacks" of varying degrees since the weekend, especially the ones that have risen the fastest. I looked at BRC20's Inscription long, mice, and BTCs, which should be the top losers. The relatively popular inscriptions, such as several leading inscriptions RATS and SATS, fortunately have not experienced a systematic collapse. Even if they fall now, other people's profits may still be several times or more than ten times, so don't take the principal to relay others' profits. Profit, re-entry at this time is already very cost-effective. So stay sensible and become a catcher whenever your hands are itchy.

The decline in other chains such as SOLS is even greater. Now basically all public chains want to get on the Inscription train. It is easy to implement technically, the threshold is low, and it contributes a lot to the transaction activity on the chain. So this is what every public chain project team hopes to see. For public chains that have smart contracts other than the BTC chain, such as SOL, Avalanche, and BSC, doing inscriptions is really equivalent to taking off your pants and farting. , leaving its own smart contracts and standard protocols unused, and insisting on imitating the inscription protocol. After all the hype, these public chain inscriptions will end up being nothing but chicken feathers. Think about NFTs and zoos back then. They were actually the same. Is there a familiar flavor?

Let’s talk about the market situation next. We said last Friday that if the profits of Inscriptions are used to realize the process, the process is to sell Inscriptions, sell big cakes, and withdraw the coins. Moreover, most of the people speculating on Inscriptions should come from the Chinese community, especially the uncles and aunts who make money. If you have money, you will not believe in holding the pie. Liquidation is the king, so the decline of Inscription will inevitably lead to the decline of the pie. Let’s see if this fall will make up for the CME gap below 40,000. I think the chance is quite good, but now I’m not sure where to buy the bottom. It mainly depends on whether the inscription is a crash or a cooling-off period. , because on the contrary, I want to join the process of buying inscriptions, which also includes recharging, buying pie, and buying inscriptions. Objective analysis shows that the vicinity of 40,000 is definitely a strong support level. As for what will happen if it falls below, it is impossible to predict now.

The new public chain Inscription should still have room for speculation. Yesterday's TIA chain failed, but today's AVAX chain is up. The leading new Inscription ASC20 on AVAX has more than 50,000 AVAV holding addresses. If you want to chase hot spots, just To be able to keep up, as long as it is new, you can try to make new ones at low cost or take the first bite of crabs. Stay rational and don't go to heavy warehouses to take orders with FOMO.

Today’s panic and greed index: 65 (greed)