The projects in the crypto space are indeed quite abstract. A project with a market cap of 6 billion USD but only earning 17 USD a day, and the founder decides to resign and retire after the TGE, publishing a lengthy thank-you letter saying how great a career he has built over the years. It's not easy! 🤣 he~tui!

Today, when I had some free time, I reviewed the pullback in the US stock market and the crypto market at the end of July. As shown in Figures 1, 2, and 3, they represent the S&P, BTC, and SOL (since ETH had additional positive news, it's hard to compare). The main reason for the pullback at that time was due to overbuying, and the trigger was the employment report falling short of expectations. From these three charts, it can be seen that SOL (representing most altcoins) actually jumped ahead of the market, with BTC following later. After the report came out, the S&P started to decline. This indicates that SOL attracted more short-term speculators; there are too many "smart people" 🤔️.

It's getting better, my A-shares are making money too.

It seems that Solana's rebound has indeed reached a peak in this phase. I didn't expect Solana to become the doomsday vehicle. In fact, I sold too early myself, basically selling at 194 and 196, so when it rose to 210, I could only retweet Old Lei's tweet to comfort myself 😂 Today, the S Guard is like the E Guard from late 2024 to early 2025.

underpromises, overdeliver

SOL has started to rebound, and I want to start selling. Actually, I really regret not directly holding ETH.

Currently, the best to use is still ChatGPT; Grok is simply garbage.

💀💀💀

No wonder I didn't make any money.

Possible scenarios Although the current long position is in SOL, objectively speaking, when SOL catches up (relative to ETH), it will indicate that the phase of the market is about to end.