I think the market is currently in: the whipsaw stage of the mid-bull run: mainstream tokens have risen a lot, everyone is greedy and using leverage, and as a result, they are being played for suckers.

The altcoins haven't moved much, making it easier for people to say there's "no market activity," leading to a pessimistic sentiment.
This is actually a common tactic in a bull run: first, there is a rise to excite people; then comes a play people for suckers, cleaning out floating positions; only then will the next round of quality rise begin.
Yesterday's liquidation indicates that the market has not yet reached the end of the bull run, but it is also not the most comfortable early surge phase.
We are now in the "whipsaw" period of the bull run, where the main players are filtering out leveraged traders and short-term traders, leaving room for patient spot holders.
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