Andre Cronje, a director of the Fantom Foundation, said that the cryptocurrency market is closely related to the overall macro market, and various factors indicate that the macroeconomic environment has not yet shown a bullish sentiment. Cronje said: "Look at the real estate market, it is only now starting to slow down, the bubble has not burst, and the economic recession has not even fully begun. Purely from the perspective of investor value, the crypto winter is far from over."