In the current market environment, BTC is firmly at the level of $65,000. Strong currencies are the first to adjust downward, while stagnant currencies are gradually ushering in a rebound, and the market's risk aversion sentiment is gradually heating up.
The US stock market performed well, and the US GDP data in the second quarter far exceeded market expectations; A shares also rose strongly, and the central bank further released liquidity by lowering the reserve requirement ratio and interest rates. Affected by this, meme sectors such as SHIB, PEPE, Bonk, Brett, etc. have seen a significant rebound.
Animal currencies on the Solana chain have also ushered in a new round of outbreaks-Hippo Moodeng, Penguin Pesto, Toad Omocchi, etc. have soared one after another, as if recreating the grand occasion of the "zoo market".
In addition, ENA's price has risen sharply due to its cooperation with Blackstone to launch a new stablecoin USTB. In the cross-chain sector, previously stagnant varieties such as AXL, ZRO, and W have also begun to show a rebound momentum.
However, the market sector rotation phenomenon is obvious, and the risks brought by the overvaluation of some popular projects are gradually emerging. For example, HMSTR, a representative of the TON gaming sector, has recently been overvalued, and its price has been halved, dragging down other projects in the TON ecosystem, such as Cati.
Investors need to pay close attention to the rotation rhythm between different sectors and adjust their holding strategies in a timely manner to cope with the rapidly changing market environment.
