[Altseason’s next step depends on China stimulus, investors’ response to recession fears]
Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues.

<p><img src="https://static.fwimg.io/img/1px.png" alt="Altseason’s next step depends on China stimulus, investors’ response to recession fears"></p><p>Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues.</p>

Altseason’s next step depends on China stimulus, investors’ response to recession fears

Source: M31 Ventures; Compiled by: Jinse Finance
M31 Ventures recently published a 95-page research report on Chainlink. The report believes that the LINK token represents one of the best risk/reward investment opportunities they have seen.

Here are the main contents of the report:
LINK token represents one of the best risk/reward investment opportunities we have seen:
1. A major beneficiary of a $30 trillion long-term trend; 2. Holding a complete monopoly in the on-chain financial middleware field; 3. Undervalued and its narrative is severely misunderstood...

Chainlink Research Report: Does LINK have 20-30 times of growth potential?

According to on-chain data analyst <Ai 姨>, around 3 PM today, the cryptocurrency trader who previously used a rolling warehouse strategy to long ETH with $125,000 and reached a maximum floating profit of $42.98 million, has completely closed their position during today's market downturn. Although they still earned $6.86 million, their profit has been pulled back by 84%.

From $125,000 to $6.865 million, with profits pulled back from the peak of $42.987 million by 84%, the final return rate over four months was 53.92 times.

This...

The "Rolling War God" closed out his position with a profit of $6.86 million, but saw an 84% profit drawdown. Netizens commented: "Rolling positions never end well."

The altcoin market entered the third week of August in the red. Market capitalization (TOTAL3) dropped 7%, from over $1.1 trillion to $1.03 trillion. This correction has fueled a short-selling sentime...