Suddenly, it seems that everything is bad news.

The outflow of US Bitcoin spot ETF exceeded 1.2 billion US dollars in two weeks;

The scale of stablecoins is no longer growing;

The continued capital pressure of miners after halving has led to selling;

The 140,000 BTC in the Mentougou incident has begun to be compensated, which has put pressure on the market;

AI concepts and meme coins are in a correction after a round of speculation;

The continuous release of counterfeit coins sucks blood;

The continuous launch of large new coins is also sucking blood.

In the first half of this year, the meme sector has led the way in growth, with an average increase of about 18 times. On the contrary, L2, which has the "best" technology and ecology, performed the worst. In the atmosphere of "a bull market", the decline exceeded 40%! It's outrageous. The reason is also relatively simple. Meme coins are fully circulated, with a small market value, and are easy to speculate; while projects incubated by institutions generally have a high market value and a large circulation volume. They are continuously released, and funds are unwilling to speculate.