Today, both A-shares and the cryptocurrency market fell sharply. The reason for the decline of A-shares is the release of IPOs, and the reason for the decline of the cryptocurrency market is that exchanges randomly listed high FDV tokens. The essence is the same:

Total water volume in the pool (temporarily considered constant)/number of projects (increasing) = unit price (inevitably reduced)

Now we can only hope for the increase of new funds (total amount of the pool)

#美联储何时降息？ #BTC☀ #ETH🔥🔥🔥🔥