The current market situation, let me give you my personal opinion.

Currently, BTC is supported by the inflow of ETFs. There is no favorable information at the moment, and interest rate cuts are still a long way off. Wall Street is also unlikely to accumulate at this level. It has been sideways at the 67500 level for the past few days. In fact, most people's cost price from the rise of BTC from $50,000 to $73,800 is around 67500. Breaking below this level means that most people are trapped. This level has been held for several days. I think it's only a matter of time before it falls below. Looking at the chip distribution compared to the top of the previous bull market, the current situation indicates chip distribution. A big dump will come soon, and there is no more favorable support. Liquidity is currently poor, and I believe many people can feel it.
Let's talk about the recent popular MEME.
From inscriptions to runes, now there are not many people buying inscriptions, and runes are even worse. And now, Sol's meme is not doing well either, it's all about PvP. The market is already very bad. Another thing that people are more concerned about is ETH's ETF. In my personal opinion, ETH's ETF will be approved sooner or later, but I won't go into details here.
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