According to BlockBeats, on August 9, Chris Burniske, former head of Ark Invest crypto and current partner of Placeholder VC, said on social media, "With sentiment reset and leverage cleansing, the lows of most high-quality crypto assets are significantly higher than the levels in 2023. At the same time, central banks around the world are about to be forced to ease policies, and although there may be some volatility in the third quarter, this is a beautiful early bull market layout anyway."