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As an observer of the crypto market, I have recently gained some unique insights into market trends. Here are my 12 thoughts:
1. The long-term outlook for Bitcoin (BTC) remains optimistic, but it may not go as smoothly as expected in the short term. Despite the frequent positive news, the price has not shown a significant increase, which is worth pondering.
2. Solana (SOL) remains a project worth paying attention to. This quarter is likely to see a strong market trend, especially with the latest developments of Alpenglow potentially being more impactful than most people expect.
3. The price trend of the PUMP token is quite dramatic, first shaking out a group of investors, then gaining momentum again during market panic. When the public starts to pay attention to this token again, its price may start to decline once more.
4. In the field of decentralized stablecoins, the advantages of ENA are becoming increasingly apparent, with almost no competitors able to catch up.
5. Liquidity is concentrating on a few promising projects that can generate returns. Most small cryptocurrencies may gradually lose value. The token unlocks and excessive surges from the previous cycle have put considerable pressure on the current market.
6. The new narrative is struggling to generate market enthusiasm like before, leading to an overall market decline. The market is looking forward to the emergence of the next breakthrough opportunity.
7. Unsecured loans and zkTLS technology may become key to the next wave of innovation in decentralized finance (DeFi). The Futarchy model also holds potential, but it needs to wait for the right timing.
8. The prediction market still faces challenges. There have been many attempts in the past, but none have been able to form long-term successful cases.
9. The value of tokenization of collectibles may have been underestimated. Although there are still issues with scalability and verification, it remains one of the most reliable applications at present.
10. Currently, retail investors still view cryptocurrencies as speculative tools. Although technological development is rapid, the cultural atmosphere has not fully caught up. This may be the current reality.
11. In this round of the market, there is a general sense of fatigue: there are not many investors who truly hold BTC for the long term, new projects quickly lose their popularity after being launched, and overall market confidence is lacking.
12. BTC's short-term dominance may soon bottom out (in the 55-57% range), at which point the overall crypto market may face a larger adjustment. In this regard, we need to maintain an open attitude.
Overall, the crypto market is in a complex stage, with both opportunities and challenges. Investors need to remain vigilant while also keeping an open mind towards emerging trends.