The financial market is actually a large-scale game of plundering liquidity. US stocks, BTC, and even emerging projects on the chain are no exception. US stocks seem to continue to set new highs, but behind them is the silent plundering of the public's liquidity through the inflation of the US dollar.

Even if the liquidity of on-chain projects is temporarily high, when the cycle ends, the number of people who can really win may be less than 2%. The wealth they earn is the loss of the other 98% of participants. This is just like "Squid Game", the 45.6 billion bonus that the male protagonist finally won was piled up by countless sacrifices. And this is already a game with a high "win rate". In the secondary and contract markets, the win rate may be even lower. After all, on-chain projects have sucked a lot of liquidity from the secondary market in this cycle.

Just like the scene in "Squid Game", in the on-chain game, participants sometimes cooperate and sometimes compete. But there is no doubt that if you fight alone, you will never have the last laugh.