💥💥💥Analysis of the source and current situation of the bull market

1. Market chaos and signs of recovery at the beginning of the year

At the beginning of the year, the market was still shrouded in the haze of the bear market, and the activeness of sol and bonk stirred up the silence of the market. Although the market sentiment was low at the time, I detected the faint spark of the bull market from the rebound of sol since 8 o'clock and the new traffic brought by bonk in its ecosystem. Subsequently, the market began to gradually warm up, some sporadic rising signals appeared, and the "Shanghai upgrade" became the focus of market discussion. Although the market sentiment was still cautious at the time, a false news of the postponement of the upgrade could trigger a sharp fluctuation in the market, reflecting the sensitivity of the market nerves. In this wave of market conditions, some projects such as $ssv performed well, but the subsequent market rush also indicated the short-term nature of the market.

2. The inscription craze and the rapid rotation of the market

Afterwards, inscriptions suddenly rose and became a new hot spot in the market. However, as various chains poured into the inscription market, retail funds were quickly consumed and market liquidity began to tighten. This phenomenon gradually emerged after July, and the market fell into silence again. At the same time, although some emerging projects such as unibot and banana bot gained attention briefly, they ultimately failed to continue to attract funds due to their over-reliance on the overall market trend.

3. The rise and impact of VC coins and Bitcoin ETFs

In the silence of the market, tia emerged as a dark horse and led the upsurge in the VC coin market. The expected and actual capital inflows of Bitcoin ETFs further stimulated the vitality of the market and promoted the prosperity of projects such as meme. However, with the launch of a large number of VC coins and meme coins, the rapid flow of market funds has led to some people getting rich, while others are facing the risk of losses or being stuck. The market changes at this stage reveal a profound truth: in this highly competitive market, you cannot have too many illusions about any investment target. The consensus of the market has shifted to rapid circulation and finding the right time to ship.

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