Wu learned that LaiBit mining pool founder Jiang Zhuoer issued a warning that the crypto market may be about to experience a major move. He pointed out that currently, U.S. stock ETF funds are continuously flowing out, and Coinbase's discount has dropped to the levels seen before the sharp declines at the end of January and the end of May, reflecting a severe depletion of non-ETF buying support. At the same time, the current market funding rate is positive and positions are at a high level, providing ample fuel for cascading liquidations. These signals indicate that the market may see significant volatility.