The cryptocurrency circle is not as lively as before, and the group chats seem to be much calmer. What's going on?

I think there are several reasons:

1. Smaller market: The entire crypto market is relatively small, with a market value of just over 2 trillion US dollars. You may not know what it means. The market value of the entire cryptocurrency is just over half of Nvidia. By comparison, you may understand it better.

2. Lack of incremental funds: When the Bitcoin and Ethereum ETFs were approved one after another, they brought a wave of incremental funds to the market, but that was it. If you are familiar with the relevant news or market conditions, you will know that there has been a net outflow in the past one or two months.

3. Market uncertainty: The US election has a huge impact on the market, so in these two months, there has been a wide range of fluctuations between 50,000 and 65,000. The bull market needs more incremental funds to enter the market. Most people are in the mentality of seeking high returns. Small funds play contracts and large funds play spot. However, the lack of trading volume and the sluggish economic environment have led to insufficient trading volume, and the market has not shown an obvious trend. The market has become a game for speculators.

4. Lack of confidence: Due to the lack of incremental funds and strict supervision in the entire market, many altcoins are actually being manipulated. You should know that issuing coins is not a difficult thing, but the difficult part is the things behind the coins, whether they are really doing something practical. After everyone’s positions are liquidated, there is no extra money to enter the market, which is also a lack of confidence. At the same time, the market also tests human nature. #BTC