Odaily News Chris Burniske, partner of Placeholder, wrote on X that I don’t think the cycle has peaked. It’s more like a mid-term correction in the bull market, and the correction is so large that everyone doubts life. This is like the situation in April, May and June 2021, when various tokens fell by 50%-80%. Many people said that the bull market was over, and those who shouted that the peak had been reached were complacent, but then the market ushered in a surge in the second half of 2021.