The market this year is very fragmented.
The mode of not taking over each other has prevented the entire market from forming a real consensus.
The result is the depletion of liquidity.
In the end, everyone has seen that
Bitcoin has not fallen much in the past few days.
But the copycat has fallen to the starting stage.
The reason behind this trend is actually the lack of consensus.
Unlike in 2020, when everyone was playing DeFi,
DeFi is the consensus of the market, which has attracted a lot of incremental funds to enter the market.
This round has attracted a lot of incremental funds, but these incremental funds are attracted to enter the market in the form of ETFs.
Large institutions and large capital only recognize Bitcoin, so it is difficult to reach a strong consensus on DeFi like in 2020.
However, I think this situation will definitely change, and the final strong consensus will definitely come.
