No one is talking about airdrops anymore!
No one is talking about new listings anymore!
No one is talking about contracts anymore!
No one is talking about VC coins anymore!
No one is talking about DeFi anymore!
No one is talking about NFTs anymore!
No one is talking about GameFi anymore!
No one is talking about restaking anymore!
No one is talking about the BTC ecosystem anymore!
From September 17th, Bitcoin surged from $57,000 to nearly $70,000, bringing significant confidence to the market during this period.
However, Bitcoin only corrected to $65,000 and then fluctuated between $65,000 and $68,000, causing enthusiasm to gradually fade. But why is the meme market so hot?
It's because participants in the crypto space haven't had reliable projects that make money for a long time. If there’s no profit, people will look for ways to make money, and other markets can’t provide short-term returns. This is when the short-term gains of memes attract everyone!
However, this also brings significant losses to those who don’t know how to handle memes. I hope everyone pays attention to the risks! (For example, I experienced sudden losses myself)
Is there really no projects at this stage?
No, there are projects; it’s just that people have a pessimistic attitude towards the entire market. Currently, there is a loss of confidence in the market, and people are hesitant to participate freely, not optimistic about the upcoming trends. At this time, people have low buying desire, and some want to keep their funds, so it's very likely they will sell off assets they don’t feel good about, leading to an imbalance in supply and demand, thus making the market trend weak!
Is there no capital in the market? There is! Otherwise, any meme pool could have a market cap of millions or even billions!
If Bitcoin breaks the previous high and surges to $80,000, then people will have their own profit expectations for the upcoming market, and they will start looking for projects to participate in, thus changing the supply and demand relationship!!
Next, if Bitcoin reaches $80,000, which sector will react first? Among the sectors mentioned above, which one will provide feedback in the next market? I’m looking forward to it!!!
