Many big KOLs’ large funds have been trapped at position 4.
Last year, after a wave of bullishness began following a small double bottom formed at positions 1 and 2 last year.
So far this year, the Crypto Fear and Greed Index has reached 17, and a major head-and-shoulders bottom has also formed. However, the market doesn’t seem to be buying it— the right shoulder doesn’t look particularly strong;
The main reason is that there isn’t a strong bullish narrative in the market anymore. In the past, every year had a round of mini bull market. Will this time be different, or will there be the next inscription-driven market cycle?
Last year, after a wave of bullishness began following a small double bottom formed at positions 1 and 2 last year.
So far this year, the Crypto Fear and Greed Index has reached 17, and a major head-and-shoulders bottom has also formed. However, the market doesn’t seem to be buying it— the right shoulder doesn’t look particularly strong;
The main reason is that there isn’t a strong bullish narrative in the market anymore. In the past, every year had a round of mini bull market. Will this time be different, or will there be the next inscription-driven market cycle?