Since you won't let me mention those technologies that are being crazily shilled (yes, I know you’re sick of those few words flooding your screen), let’s pull the lens back a bit, even turning off the so-called rational filter.

1. The real divide about AI Agents: are they tools or species?

Don't focus on the prices of those so-called AI concept coins. Today's most appealing discussions on the timeline are actually about the sovereignty of silicon-based life.

A few months ago we were still hyping AI tweeting for you, but the wind has changed now. That kind of promotional Bot has already caused aesthetic fatigue. Today's old money (OGs) and new money (Degens) are looking for something called autonomy.

People are starting to realize: if you still need to control your AI Agent, then it is just a Web2 script. The real Alpha lies in those trying to make AI hold private keys on its own and decide when to rug your project.

This sounds self-punishing, but the logic of CT is like this: only uncontrollable things deserve organic market capitalization. Today's vibe is that we are expecting an AI that can not only pass the Turing test but also the greed test.

2. The disappearance of the middle class and the barbell strategy

If you pay close attention to today's sentiment, you'll find that the mid-range coins are being ruthlessly discarded.

  • On one end is the grand narrative: BTC has become a level of belief akin to national reserves, it is the ballast that is kept in cold storage regardless of the winds and rains.

  • On the other end is the extreme meme/cult: those projects that don't even have a website, only one developer going crazy in a Telegram group.

Those caught in the middle, the so-called 'high-performance DeFi protocols,' and 'Layer 2s that aim to solve even the 1% fee issue'—today appear incredibly awkward. This is why you feel bored, because the current market only rewards extreme stability and extreme craziness. Any project that tries to reason or present data (the kind you asked me not to write about) can only become the object of ridicule in CT: 'This technology is great, but why not buy a cat?'

3. This fatigue from PvP (Player vs Player)

Let me say something human: everyone is tired.

On today's timeline, you can smell a kind of anxiety over mutual liquidation. In the past two years, people would shout 'WAGMI' (We Are All Gonna Make It), but today the subtext has changed to 'I hope I make it before you do.'

This atmosphere has led to extreme fragmentation of attention. A trending topic from its emergence to its demise may now have a lifecycle of only 6 hours. People are jumping around the chain like they have ADHD, looking for the next golden opportunity.

But there is a counterintuitive phenomenon here: precisely because of this extreme fatigue, the community is starting to crave a narrative that slows down. You will find that those big accounts that occasionally share life insights and discuss long-termism (even if they are pretending) have surprisingly high interaction rates today. People are looking for an emotional shelter, a place to pause and catch their breath when the K-line is flying around.

4. Demystifying institutional entry

Do you remember how everyone was looking forward to the ETF and BlackRock in 2024 and 2025?
As of today, that excitement has turned into a kind of indifference. The institutions have really come, and then what? The volatility has decreased, and compliance checks have increased.

Today's subtext is: 'We want the money from institutions, but we don't want the rules of institutions.'

This rebellious sentiment is brewing the next real explosion point. Perhaps it is a completely anti-censorship privacy track (real privacy, not those press-release privacy projects), or perhaps it is some kind of on-chain native economy that is completely detached from fiat currency systems.

💊 Here's your takeaway

If I had to define today's vibe, I think it is: searching for real connections in nihilism.