According to Odaily, Chris Burniske, former head of Ark Invest's crypto business and current partner at Placeholder VC, stated on X that market sentiment has reset and leverage has been cleared. He noted that the low points of most high-quality crypto assets in this cycle are significantly higher than those seen in 2023. Burniske also mentioned that global central banks are on the verge of being forced to ease policies, which is expected to increase market volatility in the third quarter. Despite this, he believes that the current period represents an early bullish phase.