I feel that there won't be any general rise of counterfeit coins in the future, only the big pancake will soar alone. In the future, worthless counterfeit memes will gradually be eliminated, leaving only valuable and applicable coins.

Update on the global liquidity index and Bitcoin price comparison chart. The Bitcoin price has diverged very seriously. Right now, liquidity is becoming increasingly ample, sentiment is rising daily, mid- to long-term benefits are becoming more and more apparent, and expectations for interest rate cuts are becoming more obvious, yet it has still dropped hard, declining for half a month. It's just... ridiculous.

Bitcoin's market share has actually rebounded to over 61%, and this is despite a significant increase in Ethereum's market share. This means that altcoins have not only failed to gradually recover with Ethereum's rise, but their survival space has actually been further compressed.

The Altcoin Season Index slowly rose to 52 over a month, but on July 23rd, it dropped 14 points in one day back to 38. In one day, it wiped out nearly a month's worth of index gains.

Sigh, this market really... it's almost speechless.