The biggest problem in the market right now isn't that prices haven't risen.

Rather, it's that the rise lacks quality.

After the market's sharp decline, BTC price is recovering and moving higher, but trading volume is declining.

No narrative, and even less short-term hype and speculation.

Most altcoins are only passively pulled up by BTC/ETH rebounds.

There's no sustainability whatsoever.

What does this indicate?

It shows that capital hasn't truly flowed back.

Instead, it's constantly locked in incremental zero-sum competition.

Some people view this as the end of a bear market?

But the more realistic situation is that this might just be a rebound amplified by sentiment.

If the macroeconomic environment fails to improve for a long time and liquidity cannot be truly released, the market will likely enter a prolonged period characterized by oscillating declines and slow bleeding that lasts far longer than most people imagine.

Along with an even longer period of dead time.

We all believe a bull market will still come in the future.

But your position at the height of the bull market depends on your principal during the bear market and what you bought at the right moment.

Therefore, right now, waiting remains the optimal solution.