Today, when I had some free time, I reviewed the pullback in the US stock market and the crypto market at the end of July. As shown in Figures 1, 2, and 3, they represent the S&P, BTC, and SOL (since ETH had additional positive news, it's hard to compare). The main reason for the pullback at that time was due to overbuying, and the trigger was the employment report falling short of expectations. From these three charts, it can be seen that SOL (representing most altcoins) actually jumped ahead of the market, with BTC following later. After the report came out, the S&P started to decline. This indicates that SOL attracted more short-term speculators; there are too many "smart people" 🤔️.