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As e-coin reaches a new high, the gas price is only around 0.3. This is a situation that has never occurred during previous bull runs when reaching new highs.
The current market trend has the same issues as the end of last year.
It is not driven by organic activity and innovation inherent to cryptocurrencies, but rather by market movements brought about by external policy and funding.
The results are also similar, lacking the previous feeling of a bull run pushing to new highs, and the real altcoin season; it remains a localized increase.
I am a die-hard bull, and the main reason for reducing my position is these. The sustainability of the upcoming big market needs to be observed, and a new narrative is urgently needed to push me in aggressively.