Why do BTC and ETH perform so well, yet it still feels unsatisfactory? Most people, especially those who just entered the market, are here to get rich quickly and turn their fortunes around. The current market feels like a meat sandwich without the meat, like a Benedict without the egg. If you're not very skilled at rolling over contracts, achieving several times the gains like before is very difficult. The most comfortable thing in the crypto space is when there’s a main narrative in the market, like ICOs, DeFi, NFTs, memes, AI agents, and even inscriptions and GameFi, I think they’re all good. It would be great if something interesting comes out that can awaken the FOMO emotions... I want to eat meat. The same thing is happening in the US stock market. Don’t just look at the S&P hitting new highs every day; in fact, the equal-weight index hasn’t reached a new high yet. It’s all the leading stocks driving the gains, and the breadth is poor. But at least the US stock market still has some excess gains like the previous meme stocks and the IPO market, while the crypto space feels really dull right now. Currently, the market shows a large-scale MACD divergence, a large-scale RSI divergence, and the emotions of group members are also diverging. You could say the market is just starting or that it’s about to end; in short, it just feels off.
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