According to Odaily Planet Daily, Lin, Head of Business Development for Asia Pacific at Deribit, stated in an article on the X platform that current market liquidity is 15%-20% lower than before the "10.11 crash." With the US stock market experiencing a volatile earnings season, most funds have been drawn away. The US stock market is still hitting new highs. As long as the US stock market stabilizes and liquidity recovers, there will still be a market rally by the end of the year, but it will be difficult to achieve a significant rally in the near term, and volatility remains high.