Don't worry, the current market situation is the same for most people!

Who doesn't have a VC project that has fallen by 50%-70%?

85% of the projects in the cryptocurrency circle should be VC (listed on the exchange after private placement in the primary market), and according to statistics, in the past two months, almost all VC projects have fallen by an average of 60%-70% from their highs, and many projects have fallen by 95%, which is basically equivalent to zero.

VC primary market financing, and then in the bull market, they scramble to get on the exchange to earn a hundred times the price difference, and then let retail investors take over, and then wash it thoroughly.

Anyone who doesn't hold a VC project at this stage and hasn't fallen by more than 50%-70% is actually lucky.

The US spot Ethereum exchange-traded fund (ETF), which many people expected to be launched as early as July 2, has been postponed by the US Securities and Exchange Commission (SEC). In fact, the smart money last week also showed this postponement.

Ethereum did not rise as expected, indicating that smart money had known this result in advance and did not increase its position.

The approval of Ethereum’s ETF may be postponed to the week of July 15 at the latest. At present, the market has basically “despelled” the upcoming ETF approval. Although the probability of a rate cut in September has increased in terms of macro sentiment, the market is indeed “short of money” at present. Currently, European and American stock markets are performing well, and the trend of gold is also very rapid. The liquidity of the risk market has been greatly divided, and the crypto market can get “pitifully little”. Now there is only one word: “endure”!