In the current market, ETFs are draining the entire cryptocurrency industry.

ETFs have continued to see net inflows, with the Bitcoin ETF experiencing 13 consecutive days of net inflows; the Ethereum ETF has seen 16 consecutive days of net inflows.

Bitcoin has reached a new all-time high, breaking through $107,000, while Ethereum has set a new high for this bull market cycle, surpassing $4,100.

New altcoins are continuously being launched, while older altcoins are also being drained, with many experiencing prolonged declines.

Many who chased high altcoins have already seen losses exceeding 50%.