$1000SATS

They are excitedly announcing that a wave of enthusiasm in the market is about to sweep across, indicating that the third round of major gains in the Bitcoin ecosystem has begun. Does this mean that the turning point in the market that we have long anticipated for half a year is really about to appear? The authenticity and reliability of this prediction have become the focus of everyone's attention.

Senior investors in the group shared a chart showing that the intersection of the 120-day and 233-day moving averages has led to significant gains after being breached twice in the past. Looking back at history, the first time was in the first half of last year, after the market fluctuations triggered by the turmoil in the U.S. banking industry; the second time was the market recovery in October last year. Whether this intersection heralds the beginning of the third round of rising cycle has triggered extensive discussions and expectations.

It is particularly worth mentioning that the long-dormant MERL project has recently turned around. With the issuance of the last airdrop, the project finally showed signs of rising after a long period of consolidation. As a participant in the Merlin ecosystem, I naturally pay special attention to the dynamics of its tokens and NFTs.

In this market turmoil of the Merlin ecosystem, we can't help but wonder, which token can stand out and become the focus of everyone's attention? Time will tell whether MERL, VOYA, MDBL, HUHU and other tokens are potential stocks or short-lived trend symbols.

Observed from a more macro perspective of the Bitcoin ecosystem, this round of market seems to be led by value coins. Tokens such as CKB, BB, and MERL continue to rise, while meme coins such as ORDI, SATS, RATS, and $PIZZA are relatively lagging behind. It only gradually became apparent after Bitcoin rose further.

In addition, leaders in the Ethereum ecosystem, such as VELO in the OP ecosystem and AERO in the BASE ecosystem, have also shown strong market performance. At the same time, the $PEOPLE token, which is closely related to political elections, has also begun to take action, adding more uncertainty and expectations to the market.

To sum up, the market seems to be brewing a small-scale market. However, whether this round of market prices will shine briefly or whether it can last for a period of time has become the most concerned issue among market participants. We can only wait patiently and observe market trends to make more informed investment decisions.