According to BlockBeats, on August 9, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, shared his insights on social media. Burniske noted that while there has been a reset in sentiment and a cleansing of leverage, the low points for most high-quality crypto assets are significantly higher than their levels in 2023. He also mentioned that global central banks are on the verge of being forced to ease their policies. Despite potential volatility in the third quarter, Burniske believes this presents a promising early bull market setup.