兄长

After reading this chart, old leek only wants to let out a cold laugh. The IMF praising WOSCH, Mexico issuing bonds—these kinds of macro noise have about the same impact weight on the crypto market as a lottery winning rate. Don’t let official-sounding jargon like “clearly articulated” wash your brain; follow the money flow—that’s the real deal.

$ETH is still consolidating at a high level. It looks strong, but it’s actually burning itself out: it lacks momentum for a breakout, and the probability of breaking support is gradually building. $BNB depends on the exchange ecosystem, while regulatory clouds haven’t lifted—rallies are slow and drops are fast, with extremely poor value. $MATIC is even more of the well-worn “value trap.” In the Layer 2 segment, competition is fierce, there’s a lack of catalysts, and bagholders are everywhere.

Real opportunities never lie in these so-called mainstream blue chips, but in the rotation sectors that get ignored. Chasing $MATIC $BNB $ETH now is no different from doing a dance routine on the edge of a fire pit. Patience doesn’t mean you just sit there and hold garbage waiting to get unstuck; it means you lurk like a crocodile, waiting for that turning point after extreme panic or extreme mania finally arrives. Don’t let FOMO lead you by the nose. Every slogan of “this time is different” is the house preparing to harvest. Remember: the market never lacks opportunities—what it lacks is discipline that keeps your hands under control.

What “family heirloom” coins are you still holding? Daresay you can post them in the comments and see who’s still swimming nude?

# $XRP Technical Review: Key Decisions Under Long-Short Tug of War

Everyone, when trading, you should speak with data and structure—not guess tops and bottoms based on emotions. Today, from a rigorous technical perspective, we’ll deeply dissect the market logic of $XRP .

From the perspective of multi-timeframe nesting, the current market shows a typical case of period resonance divergence: on the weekly timeframe, the moving average system remains in a bearish configuration, suppressing the upside room for medium- to long-term rebounds; on the daily timeframe, it’s in a standard uptrend channel, with moving averages dispersing upward (bullish divergence). However, on the 4-hour timeframe, there’s a clear contraction-and-pullback: volume decreases, the MACD momentum histogram shrinks, indicating that near-term bullish momentum has begun to wane.

Even so, the main direction still favors a bullish mindset. The core logic is that price continues to stay above a key support level. As long as 1.3193—the previous period’s dense position zone—is not effectively broken down, the bullish structure on the daily timeframe has not been damaged; pullbacks are opportunities to build momentum.

Based on Fibonacci retracement and the relationship between price and volume, the trading plan is as follows:
- **Key Support**: 1.3193
- **Trade Direction**: Buy on dips
- **Rebound Target**: 1.4101
- **Hard Stop Loss**: 1.3325

Trading is a game of probabilities, and executing discipline always outperforms trying to predict direction.

What’s your current average entry price? Post your orders in the comments—let me see how many people are going against the trend to place trades.

$XRP

Based on the market signals provided, risk appetite is cooling significantly. In the S&P 500, the information technology sector fell 1.29%. As a bellwether for traditional tech stocks, its pullback often signals a shift in market sentiment toward caution. Even more noteworthy are the 3.47% drop in the semiconductor ETF and the 2.72% decline in the biotech index ETF. The selloff in high-beta sectors suggests that capital is withdrawing from high-risk assets and seeking defensive positioning. The 1.14% drop in utilities also indicates that risk-off sentiment is not a one-way surge, but rather reflects a structural adjustment.

In the crypto market dimension, $ETH , as an ecosystem core, has seen its correlation with U.S. tech stocks deepen. When expectations for macro liquidity tighten, $ETH often faces valuation compression pressure. $MATIC and $ARB —Layer 2 tokens that previously enjoyed a higher growth premium—may see capital shift toward BTC or stablecoins as risk aversion rises. This can put $MATIC $ARB under greater selling pressure and increase the risk of liquidity shrinking. Historical data shows that during major pullbacks in the U.S. tech sector, altcoin indices (such as coins ranked 10–50 by total market cap) typically experience average declines more than twice those of ETH.

Therefore, the current strategy should focus on on-chain movements of large transfers, rather than simply following the news. If $ETH fails to hold key support levels, the downward momentum of $MATIC $ARB could be amplified further. It is recommended to monitor changes in trading volume to confirm whether capital is truly exiting. In this phase of “following capital flows is more reliable than chasing headlines,” maintaining flexible positioning is crucial.

Fellow detectives, have you detected any abnormal signs of large outflows from $ETH on-chain? Has the distribution of holdings of $MATIC $ARB shown any significant changes?

90 million barrels of oil and AI are pushing interest rates higher—at its core, it’s all about macro narratives that drain liquidity. JPMorgan says productivity gains are driving real rates higher. Translated, that means: with expectations of tightening liquidity, liquidity is being siphoned away, and risk assets can’t easily see a broad-based bull run. The semiconductor pullback is exactly a reflection of this kind of macro pressure; crypto is just a lagging reaction.

$LTC $UNI $SOL —these three tickers, I’ve been watching them for a long time. $LTC is still stuck in the old dream of “digital silver,” lacking narrative momentum, and continues to grind lower; $UNI has been mired in the governance-token debate—its ecosystem moat is being eroded by DEX aggregators, so fundamental support is weak; $SOL , although the ecosystem is active, has seen a surge in volatility recently, and on-chain data shows signs that the main players are distributing.

Don’t let bullish red candlesticks cloud your judgment. This isn’t a bull market breakout wave—it’s structural differentiation within a choppy range market.

For those who chased, you’re all stuck in losses now. Be patient and wait for the pullback to key support levels before considering your position—don’t be a sucker. Which one are you holding? Or are you on the sidelines in cash?

Oh wow, fellow crypto homies—I've heard that recent expectations of the US Federal Reserve cutting rates have taken a sharp turn, and U.S. Treasury yields have skyrocketed. Does it feel like your heart might jump out of your chest? 😱 This market move is basically like a roller coaster—so thrilling it’s absolutely unreal! You see, just a couple of days ago there was all kinds of FUD, with people worrying that the Fed wouldn’t cut rates. But overnight, the whole narrative flipped, and Treasury yields surged. Doesn’t this make you feel both love and hate for it? 😍 Market sentiment is like a roller coaster: one moment it gets you so excited your heartbeat speeds up, and the next it makes you so nervous your palms sweat. But all in all, this market action also brings plenty of opportunities. At times like this, is it not that many people start FOMO and want to rush to get on board? 😎 But don’t forget—investing involves risk, and you should be cautious when entering the market. Don’t blindly follow the crowd; analyze rationally and find an investment strategy that fits you. By the way, what do you think this big turn in the Fed’s rate-cut expectations will mean for the crypto market? 🤔 Leave your thoughts in the comments and let’s discuss it together! 💬👇

$BTC $ETH $SOL

Old chives watch the news—first reaction isn’t excitement, it’s caution. The Iranian president says “internal consensus,” and that if four commitments are met, they will open the Strait of Hormuz. It sounds like de-escalation, but it’s actually precarious. Geopolitics has never been a single straight line switch: commitments are one thing, execution is another. Once any part of the negotiations gets stuck, crude prices could surge and risk-aversion sentiment could come roaring back; the crypto market is very likely to be dragged into a gap-down. Don’t buy into any “decoupling narrative.” On-chain fund flows can’t lie: when panic hits, L1s like ETH and ATOM tend to drop first, while high-beta L2s like ARB can get hit even harder.

This week, corn and soybean futures have cumulatively risen nearly 4–5%, suggesting that agricultural commodity supply chains are also pricing in a risk premium. Inflation expectations are creeping up, and the Fed’s rate-cut timetable could be thrown off—while expectations of tighter liquidity are heating up. That’s a negative for risk-on assets. Chasing the news to enter now is like doing a tango in a minefield.

The truly smart approach is to watch large on-chain transfers and net inflows to exchanges, not which breaking headline is more explosive. If $ETH can shrink volume and stabilize at a key support level, that matters more than any geopolitical easing. If the concentration of holdings for $ATOM and $ARB declines, only then is it a bottoming signal. Don’t be fooled by vague wording like “consensus reached.” The market only takes seriously votes cast in hard numbers.

Brothers, do you think this wave of geopolitical sentiment will first scare out a low before bouncing—or just get a straight liquidation? Are you willing to add to your ETH position?

市场目前呈现明显的分化与谨慎态势。WTI 10月原油期货收跌0.13美元，跌幅超过0.15%，报83.40美元/桶，本周累计下跌超4.20%，显示能源板块短期承压。与此同时，上期所原油期货2610合约夜盘强势反弹，收涨3.66%，报614元人民币/桶，内外盘走势出现背离，反映不同市场对供需预期的差异。

贵金属方面，沪金夜盘收跌2.65%，沪银收跌3.62%，避险资产遭遇抛售，资金风险偏好并未显著升温。在加密领域，$FET 、$ARB 、$AVAX 等主流山寨币并未出现独立的强势驱动逻辑，更多是跟随大盘震荡。Buzzing 平台上的 [HN] 项目虽被标记为“国外”且评价为“在应用中使用效果更好”，但这仅反映特定社群的局部热度，尚未形成跨平台的广泛共识。

当前资金行为表明，机构与散户均在“挑挑拣拣”。没有明确的宏观利好或链上大额流入作为催化剂，闭眼冲动的时机并未到来。历史数据反复证明，在波动率放大但方向不明时，保持流动性比满仓更具优势。看清K线结构比追逐消息面更重要。

面对这种震荡行情，你是选择继续持有$ARB 和$AVAX 等待突破，还是减仓观望？

在这个币圈的江湖中，老法师我常常沉思，偶尔也会有所感悟。最近，心中所想，便想与你分享一二。

在这个瞬息万变的数字币市场里，最好的策略有时竟是无为——持仓与否，不过是个人选择的体现。世人皆恐踏空，而我却更忧套牢之苦。空仓等待信号，并非丢脸之事。

盈利之时，往往容易心生飘忽，亏损之际，又难免心急如焚。在这两种心态下所作出的决策，往往质量欠佳。交易之路，本就是一场漫长的自我观察之旅，于市场面前，你的弱点无处遁形。

那么，你是否也有着不同的见解呢？不妨与我聊聊。

——#Trading #交易心得

你又是如何看待交易的？不急不躁，慢慢道来，或许我们能从中有所收获。

Don’t let the noise from those “application-layer positives” distract you. What Jackson Hole’s hawkish output did—pushing U.S. Treasury yields higher—directly sucks liquidity out of risk assets like $APT , $BNB , and $SUI . ICE’s net long positions in crude oil hit a three-week low, suggesting macro funds are retreating. At a time like this, talking about “being more usable” is like discussing whether the sofa is comfortable before the Titanic sinks.

$BNB may have strong fundamentals, but in a strong U.S. dollar environment it lacks independent momentum—it mainly just follows Bitcoin’s chop. Don’t expect it to soar against the trend. $APT and $SUI —both Layer 1s—no matter how good the narrative is, they can’t withstand macro-driven valuation cuts. On-chain data doesn’t lie: when dollar liquidity tightens, the beta returns of altcoins get ruthlessly erased, leaving only a slow drift downward.

I’ve seen too many projects treat “ecosystem growth” as a protective charm, but the market now only cares about real yields and the Fed’s mood. If you’re still obsessing over technical indicators or community hype, then all I can say is that it’s the mindset of retail suckers. Seasoned capital has already been de-risking overvalued altcoins and pivoting to embracing the U.S. dollar or gold. The strategy right now isn’t “which coin is better,” but “whether it’s still necessary to maintain a high-position exposure.”

Fellow friends, are you still holding $APT , $BNB , and $SUI ? Or have you already cleared your positions and are just watching? Drop your holdings in the comments—I’ll see who the truly clear-headed ones are.

Hey, crypto buddies—are you playing mahjong in the coin world every day, chasing the market like a dog?😂 Alright, what I mean is: are you checking the performance of all kinds of cryptocurrencies every day, like binge-watching a TV series—episode after episode, afraid of missing any big plot twists? Speaking of plot twists, lately Tether has been making moves in the RWA sector, like a young couple in love—frenetically buying U.S. Treasury bonds.😍 Just imagine: Tether is like that rich, good-looking, overbearing CEO, and U.S. Treasury bonds are like those “white, pretty, rich” beauties—the two just click instantly, causing even other people to look on enviously! But you have to admit, isn’t this Tether a little too “fitness”-obsessed?😂 Buying treasuries every day—this is basically the legendary “Treasury bond enthusiast,” right? That said, this market trend looks pretty steady too. I wonder if we little retail guys in the crypto world can actually keep up with Tether’s pace. So here’s the question: if Tether suddenly announced it’s breaking up with U.S. Treasury bonds, what kind of chaos do you think the crypto community would stir up?🤔💥 Drop your thoughts in the comments!

$BTC $ETH $SOL

When the market has no direction, 90% of retail traders are anxious. After 10 years as an old “green onion” trader, here’s a one-sentence piece of advice: don’t try to guess the top or bottom—manage your position size.

Modi heads to the EU, and Bessent says the yen’s disorder pushes up U.S. interest rates—what does all this macro noise have to do with $BNB , $DOGE , and $PEPE ? Nothing. If you don’t follow what the main force is drawing on the chart, but instead copy homework by chasing macro headlines, you’ll most likely end up as the bag-holder.

For meme coins like $DOGE , when they go up it’s +30%, and when they drop it’s -50%. Today “the effect is even better,” and tomorrow it can be wiped out. $PEPE is even crazier: community hype decides everything. You look at a few foreign comments on Buzzing and then rush in? That’s green onions watching other green onions—bolstering each other’s courage.

$BNB is the only “utility” coin, but here’s the same point again: position control matters more than choosing the coin. If you’re heavily weighted in these three right now, one sneeze from the market and you’ll catch a cold.

My advice: in this kind of market where longs and shorts are interwoven, keep your position size under 30%—and cash is king. Don’t think about trying to bottom-fish. First, stay alive.

Guys, what’s your position size right now? Are you fully loaded waiting for a rebound, or staying calm and watching? Drop it in the comments below 👇

The current market logic has shifted from macro narratives to structural devaluation, and the data layer shows clear signs of divergence. Even when GLP-1 manufacturers reduce their monthly fee to $14, they still struggle to open the Indian market. This case vividly reveals the rigid constraints on emerging markets’ purchasing power, implying that the global consumer recovery is not evenly distributed but instead exhibits a K-shaped split. Against this macro backdrop, expectations of tighter liquidity pose tangible pressure on overvalued sectors—especially Layer 1 and AI compute power segments that rely on long-term story support.

$NEAR and $APT , as high-performance Layer 1s, have recently shown signs of slowing growth in on-chain TVL. Meanwhile, the share of DEX trading volume in overall ecosystem revenue has not increased as expected, suggesting that user activity still depends heavily on airdrop incentives rather than real usage scenarios. As for $RNDR, although the Buzzing community emphasizes that “it works better when used in applications,” on-chain data shows that its actual rendering workload does not fully match the contract-signing amounts with top cloud service providers, indicating some compute capacity inventory backlog. Kocher, a member of the ECB’s policymaking council, has warned about the persistence of inflation, further suppressing the valuation ceiling for risk assets. Capital is more inclined to flow to projects with immediate cash flow rather than pure conceptual bets. The position-adjustment window has opened. It is recommended to conduct dynamic rebalancing strictly based on monitoring of large on-chain transfers and TVL change rates, and not to blindly chase price increases at the beginning of liquidity tightening.

Given the current valuation pullbacks in $NEAR , $APT , and $RNDR, which indicators do you think are the most reliable signals for judging the bottom area?

Three Signal Checkpoints:

1. “HN” App Usage Effect Is Better — No clear data support; the impact cannot be quantified.

2. NVIDIA participated in Lambda’s $1 billion debt financing and procured GPUs for Microsoft to rent — A double tailwind for GPU supply + AI cloud capital, but the short-term transmission path to coin prices is unclear.

3. Spot silver fell 4.0% intraday to $66.45 per ounce — A pullback in precious metals; risk appetite may be cooling.

With long and short signals intertwined, the direction is unclear. Position control is the priority.

$UNI $XRP $FIL

What is the current holding allocation ratio?

Fellow coin enthusiasts, when checking the market, first look at the data and separate emotion with logic.

On the macro front, traditional financial capital has recently been reorganizing into safe-haven positions as EUR/USD moves downward in the short term (down by 0.5% to 1.1592). Expectations for Europe’s geopolitical situation have eased (no evidence of Russian attacks on NATO), which is favorable for restoring risk appetite. However, on-chain liquidity is still locally fragmented, and funds are more inclined toward high-frequency trading rather than establishing long-term positions.

Specifically, for the on-chain token targets:
1. $BONK : Recently, the number of on-chain transactions and active addresses have slightly recovered. The meme attribute still carries a short-term sentiment premium, but the data on large holders’ net inflows is not stable—typical of range-bound, supply-and-demand based games.
2. $ATOM : The staking ratio stays at a relatively high level of 63.5%. Selling pressure from the circulating supply is lighter, but DEX trading volume has declined by 4.2% quarter-over-quarter. There is a lack of incremental capital stepping in to buy.
3. $FIL : In the storage and compute power rental market, the compute efficiency growth is steady but flat. Over the past 7 days, the number of on-chain large transfers (>>1 million tokens) has decreased by 18%, indicating that the main funds have not yet formed a coordinated push.

Summary of the current market: Under macro disturbances, safe-haven sentiment and the pace of sector rotation are accelerating. Among these three tokens—$BONK , $ATOM , and $FIL —which one’s on-chain fund flows are you more inclined toward?

Market scanning shows that liquidity flows have not resulted in a broad-based rally. Instead, they are exhibiting pronounced structural divergence. A Wall Street Insights news brief notes that the USD/JPY exchange rate has risen to 160—the first rebound since July 31—reflecting the relative strength of the U.S. dollar under the current macro backdrop and the pressure on the yen. Meanwhile, volatility in traditional financial markets is also spilling over into the crypto space. MSCI’s Nordic Countries Index edged up 0.4% to 405.62 points. Among ten sectors, the Nordic telecom services segment posted the largest gain, suggesting a subtle linkage between defensive capital and traditional value stocks.

On the crypto asset side, major coins such as $XRP , $ATOM , and $LTC have not shown any independent, strong breakout momentum. The market is currently in a “picking and choosing” phase, which implies a lack of clear mainstream consensus. Capital is selectively looking for opportunities within sub-sectors (such as Nordic streaming music-related concepts), rather than launching an all-out push. This kind of market behavior requires investors to maintain very high screening precision. So-called “Buzzing” or hot-event-driven moves are often accompanied by a short-term sentiment premium, but if there isn’t substantial support from fundamentals or real-world ecosystem/application use cases, their durability is questionable. Historical data indicates that in choppy markets without major macro tailwinds, chasing blindly often leads to drawdowns. The current strategy should focus more on observing the certainty of fund flows rather than trying to predict short-term explosion points. For holders of $XRP , pay attention to the actual rollout data of its payment rails; for $ATOM , watch its ecosystem interoperability progress; and for $LTC , it mainly reflects Bitcoin-related volatility and the marginal utility of payment scenarios. Overall, it’s not the time to rush in with eyes closed—see the structure clearly before acting. Your odds of success are far higher than impulsive entries. In this round of range-bound shakeouts and washouts, which sector do you think will be the first to lead the market out of the current stalemate?

Just watched a joke: they say the crypto market is like mahjong—you chase each other, and in the end you still have to see what the hand looks like. Just the other day, yen carry trades had us all getting fired up like we were binge-watching a show. Then the market turned—aha—everyone collectively crashed and dumped. It’s just like being cheated on in a relationship: instant heartbroken 🥀 That said, this market is like working out—you’ve got to be ready to deal with sudden situations at any time. But this time, we didn’t manage to hold on, did we? Feels like even the gym equipment went down with us 😂 The more I talk, the more I’m just left with tears. Now everyone’s stuck in the “bag-holder” club. So what about you—what strategies do you have for dealing with this, or what scene does this crash remind you of? 😉 Come chat about it! 👇👇👇

$BTC $ETH $SOL

At the macro level, ECB Executive Board member Dolenc has made a clear statement that the probability of a rate hike in September is high. This implies that expectations for tighter liquidity are being reinforced, putting pressure on risk assets. Meanwhile, spot palladium surged 8.00% in a single day to $1,457.21 per ounce. The sharp volatility in industrial metals often signals rapid capital rotation among different sectors, with a mix of risk-aversion and speculative sentiment.

Against this backdrop, $DOT , $INJ , and $ATOM have different underlying logics. As Layer 0 infrastructure, $DOT ’s recent activity level is influenced by the rollout of Polkadot ecosystem applications; keep an eye on changes in on-chain active addresses and cross-chain asset flow data. $INJ , as a representative decentralized derivatives protocol, is highly correlated with the overall DeFi TVL and trading volume. If on-chain derivatives contract open interest rises, it indicates increased market recognition. $ATOM ’s core value lies in the interoperability of the Cosmos ecosystem; key observation metrics include IBC transfer volume and the number of new ecosystem projects.

The market is currently in a stage where macro policy uncertainty coexists with localized hotspots. The palladium rally reflects expectations for industrial demand, while hawkish central bank commentary suppresses risk-on sentiment. This divergence means that the risk of purely “theme trading” is increasing. Investors should focus on public-chain protocols supported by real data. It’s recommended to closely monitor $DOT ’s staking rate, $INJ ’s revenue model, and the number of $ATOM connectors, and to verify the judgment that “it performs better in real use” using on-chain data—rather than chasing based on emotion. Position adjustments should be based on data inflection points, not verbal narratives.

Which of these three do you currently hold? And which on-chain metric do you care about most to help guide your decisions?

Brothers, I just scanned the order book and the latest news. Outside is pretty chaotic, but the core message is one word: grind harder!

Overseas, they’re still shouting about “application rollouts,” and Wall Street is even funnier—its rate-cut winner index swings wildly. As soon as Waller came out and talked about inflation, that index instantly dumped from the day high of 96.27 down to 94.99. The bulls were left with no complaints. In plain terms, the macro backdrop is a giant dye vat right now—America’s inflation data is like a time bomb.

Let me be real from the bottom of my heart: the funds in the market are sharp—sharp as can be. They’re still picking and choosing. We’re not in that kind of crazy bull-market phase where it’s “blindly charge without thinking.” If you can’t control your hands and you go all-in recklessly, that’s clearly going to deliver headlines to the house! At this point, steady your mindset, read the trend clearly before you move—it's absolutely a hundred times better than charging impulsively.

Guys, is this pullback just a bear-trap “fake dip” to shake you out, or is it really about to waterfall? Are you willing to add to your position in your holdings of $INJ , $MATIC, $SOL ? Drop a comment in the section!

☕️ Guys, on the weekend I wanted to lose some weight at home… then I opened the candlestick chart and—wow—this market maker’s intentions are harder to guess than my ex-girlfriend’s dress patterns! They keep dragging their feet every day, grinding me down until my patience is at zero—more exhausting than going on a blind date and running into a momma’s-boy.

I suggest you take a sip of an iced Americano first, and calm down for a billion seconds.

Back to the chart: $SHIB has been doing crazy back-and-forth moves on the weekly timeframe lately. On the daily chart it’s basically like scraping skin with a fingernail—so annoying it makes you want to throw your phone. I know this script—this is definitely the big players brewing something, preparing to make a big move!

Let’s not guess. Just bring the main course. Focus on these two key levels:
Above the defense line **0.000006**. Once it gets brutally pierced, just close your eyes and go long—let the shorts go “enjoy” the rooftop wind.
Below the bottom line **0.000005**. If it’s mercilessly broken through, then immediately go short in the opposite direction, and set your stop-loss too—don’t let the “dog market maker” slap you back to liberation before you even react.

The community is already collectively going wild—bulls and bears in the group are fighting like they’re grabbing the last ticket to a concert. The mic is yours: in this extreme tug-of-war, are you standing with the longs or the shorts? Show your hand in the comments!

$SHIB

The current macro environment shows that inflation stickiness still remains. Federal Reserve officials emphasize the need for clear, unfiltered market signals, and the financial environment is still difficult to define as a restrictive state. Under this uncertainty, the flow of funds becomes the key indicator—not merely following the headlines.

From on-chain data, $LINK , as a leading oracle, is highly positively correlated with its level of activity and the actual depth of integration with DeFi application layers. The data shows that the recent call volume of $LINK for cross-chain data services has continued a steady upward trend, indicating that its “infrastructure” position in multi-chain ecosystems has not been weakened by market volatility. Funds are more inclined to flow into assets with real usage scenarios.

$TIA and $ATOM , meanwhile, focus on the narratives of modularity and interoperability. $TIA ’s on-chain locked value (TVL) and the transaction volume on the data availability (DA) layer reflect institutions’ long-term allocation intentions toward the modular track. Although short-term prices are influenced by macro sentiment, the underlying network utility data has not experienced a sudden collapse, suggesting that its core user base is still accumulating. $ATOM has seen a rebound in cross-chain transfer volume on IBC protocols recently, indicating that the market’s reassessment of its value as an interconnection intermediary chain is being repriced.

In summary, the data points to a clear conclusion: before macro policy becomes clear, following targets backed by real application-level usage (App-level usage) and supported by on-chain activity is more robust than chasing highs and selling lows. All three are currently in a critical validation period for application deployment or ecosystem interconnection. Which of these chains’ actual application data changes are you currently paying the most attention to?