Last week, about 10% of US stocks listed on the NYSE and Nasdaq hit 52-week highs, while only 3% hit new lows.
However, in the cryptocurrency market, over 20% of altcoins hit new lows last week, even as major cryptocurrencies rebounded.
I can no longer distinguish whether the 4000-point level people are referring to is for A-shares, gold, or ETH. Crypto trading groups have even stopped discussing cryptocurrency altogether.
$ETH