The biggest feeling the market gives me now is: fragmentation.

Bitcoin ecology: Various protocols exploded, inscriptions, runes, lightning networks, RGB, fractal networks...

Ethereum ecology: Various L2s exploded, Arbitrum, Optimism, Zksync, StarkNet, Base, Linea, Scroll... and a bunch of others are waiting in line to go online

Other sectors: Various VC coins exploded, other first-layer public chains, AI, RWA, DePIN, modularization...

Meme sector: PEPE, BONK, NOT, WIF, NEIRO, BOME, DOGS... Binance alone cannot list them all, and tens of thousands of new coins are generated every day in the primary market

The explosion of the ecology is a good thing, but the funds in the market cannot handle such a large volume, and the liquidity can only be dispersed and dispersed again...

At present, the general bull market can only hope that the Federal Reserve will further release water, the war will ease, and the dust will settle on the US election. We are optimistic about the market in November.