$UNI surged 70% in the past week, following a proposal to burn 100 million tokens. According to Santiment, whale activity reached its highest level in 4 years, creating 1,598 new wallets.

Bullish: As the price approaches a breakthrough of 4000 dollars, the average $ETH holder is regaining profits.

Strictly speaking, $ETH is in an accumulation zone. It needs to break through the $3800-$3900 range, and then we can move towards a new all-time high. Overall, there is still a 20-30% distance to recover to the levels before October 10. Everything takes time.

Why is there no Altseason? In just this year, Margin Trading has already liquidated $125 billion. If this capital were to be invested in Spot assets: - Market liquidity is sufficient, there won't be a chain reaction that leads to a market crash, and selling pressure is lower. Today, the total market capitalization of Crypto Assets could reach $5-6 trillion. Leverage is choking the bull run. Long-term holding of Spot is the real season.