This is the dominance of USDT, and if you want to understand investor behavior and their risk appetite, you have to pay close attention. Summer is usually a period of low trading volume and low investor interest in traditional and crypto financial markets, but there are some exceptions. We see that we are currently in a range that has lasted for a while, more precisely, we are in the middle of the range. What does this mean? Balance. Risk exposure is small. Asset price trends also confirm this. Bitcoin? It is moving unilaterally. Altcoins? They are moving unilaterally. There is almost no volatility at the moment, and the price behavior structure of various assets remains stable. We expect low volatility in the next two months, at least until the first interest rate cut. Or until more serious geopolitical issues break out.