According to ChainCatcher, 10x Research posted on social media that while it remains optimistic about the medium- and long-term prospects for digital assets, it now seems that caution is needed in the short term. Although the market experienced a V-reversal after the declines in early May, early July, and early August, the underlying market structure and fundamentals have gradually weakened. As a result, each decline has become deeper and the subsequent recovery has been more moderate. The latest month-end data suggests that we may be approaching a critical turning point in September, characterized by a decline in demand.