Crypto market outlook: A clearer direction may emerge after September.
Recently, I have had more time to reflect on the market, and I would like to share some personal insights.
I believe the overall trend of the crypto market will only become clear after September. Considering the macroeconomic headwinds, summer liquidity constraints, and quarterly positioning adjustments, the real market dynamics will only emerge after the August holidays when participants return. In the recent market activity, most altcoins rose mainly due to short squeezes. Traders chased the rally influenced by the previous rebound, but there was a lack of support from long-term holders. As expected, most of the tokens that surged subsequently experienced severe corrections.
Ethereum rebounded unexpectedly, with AI and certain tokens that had previously suffered leading the rally. In contrast, tokens with practical use, strong fundamentals, or buyback mechanisms showed resilience, experiencing smaller declines and recovering more quickly. Several insights can be drawn from this:
1. The demand for Bitcoin is real and lasting.
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