Bitcoin and stocks both took a dip at the beginning of this week, but they've stabilized over the past couple of days. It seems the market is still digesting the previous volatility. On the other hand, the bond market has remained somewhat pessimistic, and investors still seem to be on the sidelines. I think this might be related to expectations of interest rate cuts, as the direction of bond yields will influence the allocation of risk assets overall. Recently, those paying attention to bond movements can also sense this uncertainty, since the transmission of interest rate policies to the crypto market is quite evident. In the short term, we might need to wait for the bond market sentiment to shift before seeing a clearer direction.