According to CoinMeta, Ansem indicates that the crypto market is showing signs of a bottom. Prices have shown resilience to negative news; for example, when Saylor sold millions of dollars in the range of $58,000 to $60,000, BTC still formed higher highs and lows. Native crypto mobile applications are seeing user growth, with Pump.fun experiencing a 20% increase in weekly revenue, and the number of users exceeded 100,000 within a week. Institutional interest has also picked up, including progress with Robinhood Chain and Paul Tudor Jones's public bullish views on BTC. Social media momentum has increased as well. Ansem suggests that if on-chain tokens reach new highs after their initial surge, the number of holders of popular tokens increases, mainstream media reports on them again, developers experiment with new on-chain mechanisms, and successful protocols offer incentives through airdrops, it can confirm the beginning of a new bull market.