ChainCatcher message, Arthur Cheong, founder, CEO, and CIO of Defiance Capital, stated at the 'Cold Thoughts Behind the Bull Market Frenzy: Cyclical Characteristics, New Narratives, and Investment Strategies' X Space event hosted by RootData: we will see more projects conducting ICOs in the future; when discussing the current shortcomings of the industry, Arthur believes that DeFi security issues and wallet experience problems are quite prominent, but improvements are already being made.
Regarding the secondary market, Arthur stated that leverage should not be set too high; industry participants should deeply engage in the sectors they are interested in.
On the judgment of short-term market trends, Arthur stated that in the next two weeks, the trading volume and liquidity of exchanges will gradually decrease, and he does not believe there will be significant price surges or drops.