小猪评级

1. The new high of BTC is just the beginning; this cyclical market will not easily come to an end. At this stage, holding patiently is the best choice.
2. A bull market is a bad thing for most people because the vast majority lose all their money during a bull market.
3. Chasing highs and selling lows is the fastest way to lose money.
4. Ignoring coins that are unrelated to oneself and looking down on price fluctuations is a required lesson for every qualified holder.

This morning I found that the meme launch platform @JuicyUpMeme on JuCoin has gone live. After taking a look, the offline promotion is still very strong. There is obviously offline funding. The first launched token $juzi has a market cap of 1M. The second is the founder's name $sky, which has the most offline promotional funding entering and also has the strongest push feeling. Just got on the bus this morning, preparing to hold and see.

In the past two months, JuCoin's platform token ju has been as strong as a Pixiu, incredibly powerful. Juicy, as the first officially endorsed launch platform, will have resources highly concentrated on it. It all depends on whether we can make this first shot count.

At this stage, when funds cannot find a unified mainline, this kind of small yet hot, endorsed, and rhythmic medium-sized market is actually the easiest to explode. It is very suitable for betting big with small amounts.

The Atomicals Protocol (ARC20) will be fully delisted from the OKX wallet and market on July 17th.

The wheels of the times roll forward, and no one can stop them. Remember back in the day when ATOM peaked at a floor price of 16,000 U? Now it’s less than 200 U. It doesn’t matter whether it gets delisted or not; I’ve come to terms with it.

This market is like that—there is no eternal popularity, only constantly changing narratives.

However, unlike other protocols, the biggest advantage of holding #ARC20 is that each ARC20 token is mapped to real BTC satoshis.

In other words, even if the price drops, its underlying asset is satoshis. Even if it goes to zero, it can still be converted back to BTC. When BTC rises, it passively rises as well. Tokens with a higher satoshi content have stronger risk resistance.

So, if you still have ARC20 tokens and don’t want to hold onto them, remember that you can always transfer them to an exchange to recover and utilize their final value.

There are only two types of people who truly make money in the market:

One type is the talented, extremely intelligent, and very hardworking individuals. They possess a fox-like sharpness for market opportunities, often able to seize major trends, turning hundreds of thousands into tens of millions in just a year or even a few months. Many leading investors are of this type. However, this type of person is generally very difficult to learn from; most people may spend a lifetime trying but will never succeed, as their talent, personality, and intelligence are innate.

The other type consists of individuals with average intelligence, personality, and talent, but they have a positive outlook on the market, possess their own understanding and principles. They only buy well-recognized good assets or leading stocks, hold them for the medium to long term, and seem to do nothing, yet end up making dozens of times their investment.

The sad part is:
The first type is extremely hard to learn from, perhaps less than 1% can do so, yet people crowd to learn from them.
The second type can be learned from, but many people disdain to learn.
Because the first type appears "cool," "glamorous," and "fast."
The second type appears "slow," "rustic," and "lacking in action."

But the outcome is often:
The first type cannot learn, ultimately losing money impulsively and becoming a joke.
The second type is unwilling to learn, resulting in losses and exiting during a bull market.
What is truly worth cultivating is the ability to be like the second type of person.
It’s not about being inactive; it’s about being less active. It’s not about holding on blindly; it’s about holding based on a big-picture logic.

If you want to become the second type of person, the key is to accomplish these few things:

Cognitive stability: Why are you holding it? Industry, structure, cycle? Can the logic be clearly articulated?

Setting principles: Profit-taking points, frequency of increasing positions, and loss tolerance must all be predetermined.

Being as immovable as a mountain: Not being led by emotions, not operating blindly based on news.

Tolerating profit drawdowns: In a market wave, wanting to capture the entire segment without giving back a few times is unrealistic.

Avoiding heavy positions in emotional stocks: No matter how hot the theme is, do not gamble recklessly away from the fundamentals.

During the holding process, what I believe is most important is principles. Wanting to take profits when it rises, wanting to cut losses when it falls, hesitating to add positions for fear of further losses. Or having a predetermined strategy to buy on dips, but not daring to add positions when it falls—these are all manifestations of lacking principles. Selling high and buying low is essentially not wrong, but after selling, if the price doesn’t drop back or doesn’t reach your desired level and then rises again, you will likely exit at that point.

Recently, this kind of stagnant and unchanging market is quite frustrating. You must control your impulses. Because it will neither force you to sell at a loss immediately nor allow you to comfortably hold valuable assets. You will be constantly worn down, tempted, and make mistakes.

What truly causes capital to diminish is not the market but the flaws of human nature:
Greed: Buying in as soon as there’s a slight increase, trying to capture every wave, which leads to frequent high buys and low sells.
Jealousy: Seeing others profit from trending stocks, even if they have already multiplied several times, you still cannot resist following their moves.
Resentment: Not cutting losses when trapped, regretting after switching, chasing after a rise you missed, forever living in the frustration of missed opportunities.

Once these emotions overlap, they will ultimately lead you to the same place:
Randomly betting outside your circle of competence.

You start buying coins you don’t understand at all, believing in hot tips from strangers, FOMOing into something you are completely unfamiliar with, not knowing the distribution of shares, and then, through one short-term trade after another, slowly evaporating your capital.

Therefore, the most important ability in this phase is not trading but restraint.

Resist Impulses: Don’t trade out of boredom; a sideways market is not a casino.
Stick to your familiar areas: Only buy what you know, things you know inside and out.

Control Frequency: Trade less, research more, and wait for the next real structural opportunity to arise.
Only those who can maintain their positions in a grinding market deserve to reap big profits during a major uptrend.

Among the current leading protocols in the BTC ecosystem, the only one that seems capable is $DOG, the true light of Runes! With its own consensus and execution power, it has finally achieved a historic breakthrough—officially launched on T1 level CEX @krakenfx, and there is no listing fee.

The past of $DOG truly deserves the title of a real OG project: it has experienced two peaks to the 9th floor, and has also returned to the abyss on the 1st floor twice. Each time there was a market reshuffle, it managed to rise again from the bottom. It has truly been built step by step, brick by brick.

Behind all of this, one person must be remembered: @LeonidasNFT

Starting from the engraving on April 20 last year, until today’s formal launch on Hela, Leo has sustained everything without VC, no pre-mining, no pump and dump, solely relying on the community, consensus, and the willpower of the founder to get to today, and has supported the entire Runes.

In this past year, regardless of market fluctuations, narrative popularity, or sentiment changes, he has consistently been building, preaching, and advancing the ecosystem itself.

Without him, today’s Runes might not even have a voice, let alone move towards the mainstream.

$DOG and Leo are showing everyone through their actions: a true OG relies not on capital, but on faith and perseverance.

I looked at the leaderboard for this USD1 trading competition, which has been going on for 20 days now. There is already a gap between the Eagle and the second place, which should be relatively stable.

EGL1 on-chain trading volume is $2.17B, with over 20,000 interactions. Janitor and Liberty follow behind, but the gap has already widened. Importantly, this is happening without any CEX listings.

A couple of days ago, despite a significant market pullback, EGL1's trend remained stable; its popularity and trading volume were also steady. If it can withstand such trading volatility for so many days in this market, do you really think it's just a short-term sentiment play? I don't believe that.

At first, I thought it was just a meme, but later I realized that its structure, rhythm, and even the visual system are far too sophisticated to have been created just to catch some hype.

This made me seriously investigate its relationship with USD1 and WLFI.

As everyone knows, the stablecoin USD1 is promoted by @worldlibertyfi. It is positioned as a 'stablecoin of the American spirit', with narratives centered around 'freedom, anti-regulation, and grassroots autonomy', emphasizing Web3 versions of grassroots financial sovereignty.

So what is @EGLL_american?

It is the visual and cultural expression of this narrative.

The logo is a bald eagle, Eagle First; a symbol of 'America First'.

Tweets closely follow American hot topics, not missing anything from the Los Angeles riots, Trump rallies, to Musk's feuds;

All social media visuals are extremely unified, clearly in an American style, not using the Asian meme approach of funny face packs;

Even when WLFI co-founder Zach retweeted the collaboration between Bitget and DWF Labs, the emoji he used was 🦅☝️ (you know what I mean).

In simple terms, USD1 is the functional coin, while EGL1 is the cultural coin.

If you want to build an ecosystem, you need a financial foundation (USD1) + an emotional outlet (EGL1).
The combination of these two is so natural, it doesn't feel like a last-minute arrangement, but rather a pre-established dual core.

Why do I think it’s far from over?
EGL1 has already transitioned from the 'expectation stage' to the 'realization stage'.

The Four competition is about to finish, and barring any surprises, the championship is basically locked;

After winning, the WLFI foundation will allocate $400,000 to buy EGL1;

The entry of Bitget and DWF indicates that mainstream market makers and platforms are starting to take the USD1 ecosystem seriously;

EGL1 happens to be the one with the largest trading volume, highest topic relevance, and most 'mainstream standard' meme-like characteristics.

Moreover, it hasn't been listed on Binance ALPHA, hasn't been listed on BITGET, hasn't been listed on Bybit... but its concept is already clearer and more unified than a bunch of listed projects. The narrative space has not been fully priced by the market yet. I expect to see at least over $100 million in the short term.

In the end, I can only say, do not underestimate the power of narrative, especially when that narrative has structure, money, and resonance. Just hold on to it; the rest is just a matter of time.

I mentioned before that #EGL1 is a very strong stock. During the recent market plunge, it hardly fell at all, which made it clear to me—this is not a weak stock surviving the market; this is a strong stock building momentum.

So today, as the market rebounded slightly, the hawk went back to the building and even briefly challenged the previous high.

This is not an illusion supported by emotional speculation; it is being steadily pushed up by structural strength + project stability + behind-the-scenes strategies.

Currently, it is still ranked first in the trading competition leaderboard, with ten days left, waiting for the harvest.

I think that everyone who enters the capital market comes with good intentions, wanting to earn more money, wanting to live a better life, and wanting to achieve their life goals.

But an objective fact is:
Most people who enter this market are losing money.
And the frightening thing is that for most people, this is basically unavoidable because there are stories behind it.
Take the cryptocurrency market as an example, generally speaking, the coin price fluctuates like this:
1. The project party wants to create something and first collects as many cheap chips as possible.
2. Well-informed insiders get insider information and start accumulating.
3. Investors who know how to read charts gain insight and set up early.
4. The main force starts to drive up the price, attracting attention.
5. Retail investors get on board; at this time, the main force will repeatedly wash the plate, first smashing the price and then shaking it, washing out all the unsteady investors.
6. Those who were washed out dare not get on board anymore, and the price starts to rise continuously; the less they dare to buy, the more it rises.
7. The psychological defense line of retail investors is broken, and they start to chase prices. Fine, here’s a sweet deal, continue to rise, and more and more retail investors chase higher prices; the main force starts to quietly offload.
8. Investors who know how to read charts see signs of offloading and retreat; some sensitive retail investors feel something is wrong and also start to retreat. The main force accelerates offloading, and the coin price drops sharply, trapping a large number of retail investors at the peak.

In a bear market, you can't really lose too much money because the market is bad for a long time, and everyone is reluctant to invest too much capital. Very few people borrow money or take on excessive leverage.

In a bull market, that's when you can lose a lot of money because of the profit-making effect. Everyone is afraid of making too little, so they desperately chase hot trends. After making a lot, they recklessly increase their positions, borrow money, use credit cards, and take on leverage, ultimately leading to significant losses. Don't ask me how I know this; I've experienced it myself.

In the past few days, EGL1 has slightly retraced, and some brothers asked me if I still hold it.
My answer is: Yes, I hold it firmly.

I started paying attention when the project reached its first wave high of around 80 million FDV, and I kept accumulating to 40 million; now at this price, it’s roughly my average cost.

You can say I’m holding the bag, but rather I’m betting on a narrative of positive intent + certainty of expectations.

In this USD1 trading competition, #EGL1 has maintained its position at the top of the leaderboard for five consecutive days. As long as we stay in the lead, the WIFI Foundation will buy EGL1 as promised.
This is not a pie in the sky; it’s a clear rule written into the mechanism, and in a positive market, the worst fear isn’t that no one believes it, but that too many people are watching and can’t get their hands on the tokens.

Moreover, the hawk has now gained attention from both the official WLFI Twitter account and the founder. Although there are no direct statements, favorable signals are continuously being released.

The last project that gained traction through the WLFI Foundation was $B, which peaked at an FDV exceeding 500 million USD.

If EGLI can complete the positive intent logic and fulfill the favorable expectations, achieving a market cap of 200 million is not unreasonable in my opinion. Just hold on and that’s it.

BTC ecosystem, although slow, is truly powerful. Whether it's the new protocols that have recently gained momentum or the newly launched assets in alkanes, they basically provide good odds.

Unlike meme coins like SOL and BSC that you don't dare to hold overnight, BTC has a clear characteristic: slow to start, long to warm up, quick to explode, and no one dares to chase.

Waiting, squatting, and holding are the real gameplay rhythms of the BTC ecosystem.

Recently, I've been observing Odin Fun, and I can see that many community-driven initiatives are gradually coming into play. The few selected targets, BOBAI, PI, PIZZA, have all seen good increases.
You will notice a significant commonality among these people: they start with community initiatives, have strong community action, issue coins quickly within the group, are willing to hold, and share a highly consistent sentiment.

So now, looking for community-driven targets can also be a viable approach.
Don't underestimate these on-chain aunties; they are steady, have large volumes, and keep up closely. They understand the logic better than you do.

Previously skeptical of the aunties, now I have joined them and become one.

Investing has never been an easy task; the process is tortuous, agonizing, and anxiety-inducing. However, as long as you persevere, you will reap rewards.

The older generation has long summarized their experiences for us: the future is bright, but the road is winding.

Patiently waiting and doing nothing, though a bit boring, is part of trading.

What seems like an uneventful day after day can suddenly reveal the meaning of persistence on some day.

Last night I did one thing: I added to my position at a high position #EGL1. It was not because of conspiracy, nor because many foreigners called for orders, but because I finally figured out a core question - why did it come out?

This is a rare narrative breakthrough of BSC
The biggest problem of BNB chain meme is: low aesthetics, over-localization, and no cultural centripetal force. EGL1 is the first project that has done a decent job of de-Asianization + high concept + political symbolization. It has created a narrative depth on BSC that only Solana and ETH mainnet have.

You may not realize that this is extremely rare in the Binance ecosystem.

In the context of BNB chain memes flying all over the sky, aesthetic involution, and similar styles, $EGL1 is a rare project that has completed style independence + aesthetic output + political linkage:

The LOGO is a bald eagle, and the code name is EGL1 (Eagle First), a symbol of "America First".

The content on Twitter closely follows American social issues, from the Los Angeles riots to the dynamics of Musk and Trump, all of which are hot topics.

The operation style is extremely American, and the visuals and context seem to be cut out of FOX News + Marvel Universe.

It tells the narrative of freedom + adventure + power, which is the essence of Trumpism.

In other words, $EGL1 is a rare Politifi narrative coin in the current market, and it has hit the strongest main line in the meme bull market - the American spiritual narrative.

There is also a detail that many people have not noticed:

EGL1 opened on June 4th. On the same day, WLFI’s official tweet hinted at the eagle + finger 1;

EGL1’s initial funding came from MEXC

WLFI interacted closely with Matcha, and tweets continued to use the eagle emoji in the following days. (MEXC is currently online)

A new project, not yet popular, but there are clues between Trump + USD1 + Matcha + WLFI. This is not accidental, it is a layout.

EGL1 is a strong currency and a product of consensus manufacturing engineering.

Then let’s talk about the core advantages of EGL1

1. Narrative leadership: no opponent can achieve the integration of meme + political aesthetics + American extreme right style at the same time

2. The core Twitter account operation strategy is advanced, the rhythm is close to the emotional curve of the election year, and the Trump event is linked at a high frequency

3. Exquisite timing: catch the overall emotional dividend of USD1 + Trump
4. The market maker has a precise rhythm: from 20 million to 100 million market value, there is basically no ups and downs, and it is a stable climbing state.
5. Strong user resonance: It is particularly easy to impress American retail investors, especially those free-spirited Web3 conservatives.
To put it bluntly, this market is not just a coin, it is an organized, narrative, and futuristic meme experiment.

What to do next?
The last $B flipped by the Trump Foundation has a market value of 400-500 million

If EGL1 can get the official endorsement of WLFI, it is very likely to copy or even surpass this path;

The current market value is only 70 million, and the narrative space has not been fully priced by the market. In the short term, at least 100 million will be seen.

I originally wanted to buy directly on DEXX, but it didn't support it at all. I switched to AVE and bought it successfully.

Many people may not know that Binance ALPHA's K-line data is AVE's, and it is also an APP, just like the usual exchange page, it is also very convenient to place orders and sell. I strongly recommend everyone to try it:
Download link: https://t.co/gJSW2FnKyw

A word to those who are still hesitating:
EGL1 is the only cultural coin on the BNB chain that you can bet on "American spirit + right-wing public opinion".

Not all memes are speculation, some memes are the epitome of civilization
$EGL1 is not playing with emoticons, it is playing with consensus creation + emotional narrative + visual politics.

It is an American-style emotional mobilization and the most worthwhile "spiritual flag" to bet on in the meme bull market.

🦅 America First. Eagle First. EGL1.

—— Just do it.

Last night I did one thing: I added to my position at a high position #EGL1. It was not because of conspiracy, nor because many foreigners called for orders, but because I finally figured out a core question - why did it come out?

This is a rare narrative breakthrough of BSC
The biggest problem of BNB chain meme is: low aesthetics, over-localization, and no cultural centripetal force. EGL1 is the first project that has done a decent job of de-Asianization + high concept + political symbolization. It has created a narrative depth on BSC that only Solana and ETH mainnet have.

You may not realize that this is extremely rare in the Binance ecosystem.

In the context of BNB chain memes flying all over the sky, aesthetic involution, and similar styles, $EGL1 is a rare project that has completed style independence + aesthetic output + political linkage:

The LOGO is a bald eagle, and the code name is EGL1 (Eagle First), a symbol of "America First".

The content on Twitter closely follows American social issues, from the Los Angeles riots to the dynamics of Musk and Trump, all of which are hot topics.

The operation style is extremely American, and the visuals and context seem to be cut out of FOX News + Marvel Universe.

It tells the narrative of freedom + adventure + power, which is the essence of Trumpism.

In other words, $EGL1 is a rare Politifi narrative coin in the current market, and it has hit the strongest main line in the meme bull market - the American spiritual narrative.

There is also a detail that many people have not noticed:

EGL1 opened on June 4th. On the same day, WLFI’s official tweet hinted at the eagle + finger 1;

EGL1’s initial funding came from MEXC

WLFI interacted closely with Matcha, and tweets continued to use the eagle emoji in the following days. (MEXC is currently online)

A new project, not yet popular, but there are clues between Trump + USD1 + Matcha + WLFI. This is not accidental, it is a layout.

EGL1 is a strong currency and a product of consensus manufacturing engineering.

Then let’s talk about the core advantages of EGL1

1. Narrative leadership: no opponent can achieve the integration of meme + political aesthetics + American extreme right style at the same time

2. The core Twitter account operation strategy is advanced, the rhythm is close to the emotional curve of the election year, and the Trump event is linked at a high frequency

3. Exquisite timing: catch the overall emotional dividend of USD1 + Trump
4. The dealer has a precise rhythm: from 20 million to 100 million market value, there is basically no ups and downs, and it is a stable climbing state.
5. Strong user resonance: It is particularly easy to impress American retail investors, especially those free-spirited Web3 conservatives.
To put it bluntly, this market is not just a coin, it is an organized, narrative, and futuristic meme experiment.

What to do next?
The last $B flipped by the Trump Foundation has a market value of 400-500 million.

If EGL1 can get the official endorsement of WLFI, it is very likely to copy or even surpass this path;

The current market value is only 70 million, and the narrative space has not been fully priced by the market. In the short term, at least 100 million will be seen.

A word to those who are still hesitating:
EGL1 is the only cultural coin on the BNB chain that you can bet on "American spirit + right-wing public opinion".

Not all memes are speculation, some memes are the epitome of civilization
$EGL1 is not playing with emoticons, it is playing with consensus creation + emotional narrative + visual politics.

It is an American-style emotional mobilization and the most worthwhile "spiritual banner" to bet on in the meme bull market.

🦅 America First. Eagle First. EGL1.

—— Just do it.

In most projects, the TGE is a stage for hype, packaging concepts, and creating expectations. However, @DabbaNetwork has taken a less trodden but more worthwhile path:

Before the TGE, accelerating the deployment density of real hotspots.

This is a clear and firm strategic decision—abandoning short-term expectation-driven price forecasts, using large-scale infrastructure construction to strengthen the long-term fundamentals of the tokens post-TGE.

The market is warming up, attention is recovering, but Dabba is not in a hurry to tell new stories; it is working hard to turn the story into reality on the ground.

1. Why increase deployment before the TGE? There is more than one logic.
1. TGE ≠ endpoint, but the starting point of network economy.
After the TGE, $DBT will enter the circulation phase.

Market confidence in the token will be built more on: network operation data + traffic consumption intensity + token burn rate.

And the foundation of all this is deployment density.

Without deployment, there is no traffic; without traffic, there is no burn; without burn, the token has no value closure.

2. Use hotspots for market-making, not prices.
Dabba refuses to create FOMO before the TGE; instead, it chooses to invest heavily in hotspots → making the physical network operational.

Efficient local LCO deployment → ensuring that each device is not a warehouse, but is genuinely providing service.

The generation + consumption of DBT forms a healthy token circulation speed → providing real market signals.

This is pricing the token based on the network's own growth curve, rather than using stories to set the price.

3. Activate the economic system ahead of time to mitigate circulation pressure.
Genesis Rewards have been released linearly at 100/day.

Early deployment of hotspots = early traffic = early token burn = early market expectations.

And the risk of the TGE is not in circulation but in speculative imbalance.
Dabba's strategy is to: through pre-deployment + network growth, misalign the initiation of the circulation phase as "supply slows + usage speeds up," thereby buffering token release pressure.

2. The real成果 of the current accelerated deployment pace.

Dabba has currently completed:
Over 5,000 hotspots deployed.

Actual daily traffic of 60TB+

Hotspot distribution has begun to cover key areas from urban edges to second and third-tier towns.

Collaborations with multi-ecosystems such as WeatherXM, Bonk, and OTT are progressing in parallel.

Next, their goal is:

To sprint towards 20,000 hotspots.

To create a displayable, experienceable, and measurable real network layer before the TGE.

This is not only network expansion but also an energy injection process for the token economy.

3. The TGE is an economic activation, not a valuation exit.
Dabba is very clear that the TGE should not be an arbitrage window for the founding team, nor an early exit for the community.

It is a critical point at which network revenue officially connects with the token, a moment for the network and capital markets to operate in sync.

A beginning for holders to truly enjoy traffic-driven economic incentives.

Because of this, they choose to first build the foundation and then construct the building.

DePIN is indeed a long-term narrative; infrastructure is not a MEME coin. Its growth speed is more like laying tracks than pump and dump:

Run off-chain first, accelerate on-chain later.

Form the entity first, then value the token.

First, have users, then have value.

Dabba is taking this slower but steady path.

Summary:
The preparation for the TGE is not just about speculation, but about system construction. While other projects prepare airdrops and grand visions for the TGE,
Dabba prepares for the TGE with: actual deployments, daily traffic, daily $DBT consumption, daily LCO revenue, and daily moments when new users go online for the first time.

This is not only a strategic difference but also a difference in values. Dabba does not wish for the TGE to be a climax; it hopes the TGE will be a starting point.

After the starting point comes the release of larger scales, higher frequencies, and stronger network efficiency.

A truly decentralized network economic system is being activated.

How to live more comfortably at this stage?

1. Do less, focus on research
You will find that frequently chasing the rise → getting trapped → cutting losses → and then chasing again is currently the most exhausting strategy.
It is now more suitable to find the main line prototype + to bury it early at a low point.

2. Don't expect to get rich quickly, practice patience
As long as the market doesn't die, opportunities continue,
but the probability of making big money at this stage is far lower than laying out future value.

3. Observe the structure: wait for a narrative that can truly hold the market
Currently, there is no main line, which is just the best time to observe the main line from its budding to its formation.

4. Protect your principal, avoid emotional trading
Watching others make a little profit and jumping in, but when it’s your turn, it drops—this kind of psychological trap is very easy to fall into now.

Conclusion: This is not the end, but the accumulation period for the next main line

The market that truly makes people rich often does not start from a peak,
but slowly emerges from this indifferent period where no one looks, plays, or believes.

Recently, it has become quite evident that the market has cooled down a bit.

It's not a collapse-like cooling, but a very subtle fatigue:

No mainline support, no consensus narrative, no continuous enthusiasm.

Funds, hot topics, and emotions are all drifting.

Where is this specifically reflected?
Emotions are not unified.
You mention meme, BSC is active today, but SOL is cold;
You mention the BTC ecosystem, some coins surged, but couldn't drive the collective excitement.
Funds are not hot enough, but they are not dead either.
Some are rising, some are experiencing FOMO, but all are very short-lived;
It's not that people don't have money, but they are all hesitating, observing, and searching for direction.
Various small narratives are trying to emerge, but they all only pull for a while before fizzling out, unable to hold the stage.

The current situation is:
It's hard to make money, but it's also not easy to suffer big losses, but getting the timing wrong can easily lead to fatigue, annoyance, and getting stuck in high buying.
The main forces are changing positions, changing narratives, changing stories, but the new structure has yet to take shape.

At this stage, one phrase gives me the feeling:
"Soft but with expectations, dispersed but not dead yet."

When you consider a lifetime as your investment cycle, you see the era, human nature, and laws.

When you consider ten years as your investment cycle, you see changes in common sense and rules.

When you consider five years as your investment cycle, you see courage and vision.

When you consider one year as your investment cycle, you believe in talent and ability.

When you consider one day as your investment cycle, you see nothing and can only hope for miracles and luck.