This rebound is very unhealthy, reflecting that the bulls are now like startled birds. Yesterday, just a single piece of news #特斯拉Q3比特币持仓不变 caused the market to rebound immediately, which shows how obvious the bulls' downturn is currently.

On one hand, the on-chain meme continues to drain resources, while on the other hand, the bulls in the market have not seen any substantial positive news in the short term. In this situation, risk avoidance becomes especially important; it's easy to make money but difficult to keep it; caution against pullbacks is necessary.

On the other hand, the short positions made yesterday on the three targets, $SUI and $METIS , have already been executed, while $SOL is currently in a loss position. Holding on a bit longer is not a big issue, and it's time to let the bears enjoy a good meal.

Additionally, Bitcoin has been continuously benefiting #SEC批准多支比特币ETF期权 , while ETH, in contrast, really makes the E-guardians who entered during the last bull market vulnerable. One can only say that every generation has its own legends; if you don't believe it, just ask the seasoned investors about that summer of EOS in 2018.