#加密货币市场动态# This market trend reminds me of the bull run after 2017. At that time, everyone was also very excited, thinking that Crypto Assets would soar. But in reality, that was just the beginning of a cycle. Now it seems that history is repeating itself.

Matrixport's analysis makes a lot of sense. Technical indicators show that Bitcoin and Ethereum are indeed in an overbought state, making them prone to a pullback. Moreover, the U.S. government's delay in releasing the Crypto Assets report also indicates that they are still observing this field. This reminds me of the attitude of various governments towards Bitcoin back in the day - from ignoring it to paying attention, and then to regulation.

The most notable thing is the surge in open interest. It has risen from 14 billion dollars to 25 billion dollars, and this level of leverage is concerning. I have seen too many tragedies of forced liquidations due to excessive leverage. It seems that summer may be a period of calm consolidation. This may not be a bad thing for the market, as it gives us an opportunity to think calmly.

Looking back at history, each cycle of bull and bear markets makes the market more mature. What we need to do is remain patient, manage risks, and wait for the next opportunity to arrive. After all, in this industry, opportunities are always reserved for those who are prepared.