The market suddenly "doesn't want to fall anymore"! Fee data exposure: the real rebound may secretly start after despair

The most interesting thing in the crypto market recently isn't a surge.
It's that:
The market suddenly doesn't want to fall that much.
Many people watch K-line charts every day.
But the big funds have already started studying another thing:
CEX/DEX fee data.
Why?
Because fees are essentially a "mood thermometer".
The crazier the market, the more expensive the fees.
The more panicked the market, the more congested the chain.
But now the problem arises.
Fees start to decline.
Panic selling decreases.
Even the sound of liquidation isn't as loud as before.
What does this indicate?
It shows that bearish sentiment is weakening.
In plain language:
Everyone is exhausted from selling.
And the most magical point in the market is right here.
The true bottom is often not the most terrifying time.
But:
When "no one has the strength to continue being pessimistic" anymore.
The current market is very much like the late stage of a breakup.
At first, everyone is emo every day.
Then suddenly it turns into:
"Whatever, do what you want."
This state is actually very dangerous.
Because as long as there's a little positive news, the market's sentiment can easily reverse.
And don't forget.
There are still a lot of funds waiting outside the market.
ETF, rate cut expectations, altcoin rotation, AI narratives...
As long as one of these reignites sentiment, funds can flow back in instantly.
So the most worth warning about recently isn't a sharp drop.
It's that:
"Everyone has started to believe that a rebound won't happen."
Because the most classic rule in crypto is:
The trend always starts when no one believes it.
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